4 October 2013 Last updated at 06:52 ET Demand for Royal Mail shares is high enough for the government to be able to sell them near the top of its hoped-for price band. The government had priced the shares at between 260-330p, but demand is outstripping supply and they will be sold for between 300-330p. BBC business editor Robert Peston says applications for the shares are a "Few times" the value of those on offer. Under the terms of the share sale a 10% stake in the business has been reserved for Royal Mail employees. In the official prospectus for the share issuing, the Royal Mail warned that industrial action posed a potential risk for the share price.
Source: http://www.bbc.co.uk/news/business-24395691%23sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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