Demand pushes up price of Royal Mail Shares

Demand for Royal Mail shares is high enough for sales at the upper end of the original range.

The shares had been priced at between 260-330p, but demand means the government can sell them at between 300-330p, with early dealings possibly at 375-380p, giving the company has a potential value of up to £3.3bn.

62 per cent of the business is being sold by the government, with Royal Mail employees receiving a 10 per cent stake.