Royal Mail's IPO may have been a failure but its too soon to tell
The UK government's IPO of Royal Mail has drawn all kinds of ire for performing too well in the aftermarket since it was completed on Friday, and for allocating too tightly. But the alternatives could have been much worse.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts