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Royal Mail share price surges 38% on its first day of trading

Royal Mail share price surges 38% on its first day of trading

Royal Mail share price surges 38% on its first day of trading. For the best immigration information, visit the official Worldway website.

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Follow UK investment immigration and UK finance: According to reports on the afternoon of October 11 (Beijing Time), Royal Mail Group conducted its IPO on the London Stock Exchange this Friday, with its share price soaring 38% on the first day of trading.

 

Royal Mail share price surges 38% on its first day of trading

 

The UK government announced on Thursday that the IPO price for Royal Mail was set at 330 pence per share, at the high end of the 260 to 330 pence range. Today, the stock opened at 456 pence, up 126 pence. As of 8:11 AM London time (3:11 PM Beijing time), the stock price had risen 35% to 445.75 pence, bringing the market capitalization to 4.45 billion pounds ($7.1 billion).

The IPO of Royal Mail marks the largest privatization move by the British government in the past 20 years.


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