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Royal Mail IPO Valued at $5.3 Billion

 (Image source:Birmingham news)

As I alluded to an earlier blog, the British postal service, Royal Mail is going public next month. While today, the British government indicated that the IPO would be valued around $5.3 billion. After privatization, the government is expected to hold a range of 37.8-49.9 percent of the stock.  On the other hand, employees of Royal Mail will receive free of cost 10 percent of the shares.  Trading will commence on the shares starting on October 11th.