Royal Mail’s IPO sparks debate on Canada Post’s future

The British government thinks the historic Royal Mail might fetch $3 billion when it floats an initial public offering on the London stock exchange next year.

The IPO announcement this week comes as countries sell off their postal services — entirely or just a portion — as governments get out of the slumping business.

There may be no immediate plans to privatize Canada Post, but mail volumes here are in steep decline, especially first-class mail: 1 billion fewer pieces were delivered last year than in 2006.

Read more: Royal Mail’s IPO sparks debate on Canada Post’s future | Toronto Star.