Royal Mail celebrates its debut on the London Stock Exchange. On the first day of listing on the London Stock Exchange, the title of the Queen's Mail service it opened at 450 pence and then reached 456 pence, marking an increase of 38% compared to an IPO price of 330 pence. Price that was placed in the highest part of the range foreseen by the Executive between 300 and 330 pence. The Government yesterday announced that the British Post Office has been valued at £3,3 billion (3,9 billion euros).
Government that has expressed satisfaction with 95% of the requests received from private investors, who have applied for a value between 750 and 10 thousand pounds in shares. In particular the British Prime Minister, David Cameron, in a tweet yes he is pleased that every small investor will have their share of Royal Mail as their investment will enable them to provide a first class service.
The landing on the stock exchange of Royal Mail is just a taste of the great excitement circulating on the IPO front both in the United States, with feverish anticipation of Twitter's debut, but also in Europe. According to data released a few days ago by PricewaterhouseCoopers (PwC) the IPO operations of 2013 have already exceeded the value of the whole of 2012: since the beginning of the year the total value has been equal to 11,7 billion euro. On the other hand, 52 IPOs were carried out in Europe in the third quarter of 2013, for a value of 3 billion euro. In the Old Continent, London is the first place for quotations, with two thirds of the value of European IPOs realized in the quarter. And companies listed on the Stock Exchange by private equity funds account for almost half of the value in 2013. Among the positive signs is also the decrease in the postponed or withdrawn IPO, which has fallen to its lowest level since the beginning of the financial crisis.
