Royal Mail shares: Speculators set to make millions

From the conservative Telegraph:

royalmailStockbrokers were preparing to open late on Monday and Tuesday — the final day for applications — to cope with demand ahead of the biggest government flotation for two decades.

The late surge for shares comes as ministers have been accused of offloading the mail service on the cheap, enabling City speculators to make millions from the sell-off.

Royal Mail’s shares are priced at between £2.60p and £3.30p each but are expected to be valued far higher than that when trading starts next week.

Read more: Royal Mail shares: City speculators set to make millions – Telegraph.