Royal Mail: What happens now

IF YOU BID FOR £10,000 OR LESS


YOU GET £749.10

IF YOU BID FOR OVER £10,000

YOU GET NOTHING

WHAT HAPPENS NOW


TODAY
Conditional trading of Royal Mail shares begins, with the price expected to jump. Individuals who failed to receive their full allocation of shares can expect to see their cash put on account.

TUESDAY
Unconditional trading begins, meaning the company is formally listed on the London Stock Exchange and new shares can be bought to put in ISA wrappers.

DECEMBER
Royal Mail becomes eligible for inclusion in the FTSE 100, meaning large pension funds could be obliged to buy shares in the company.