Published on 7th October 2013
Institutional investors are preparing to take the lion’s share of the biggest government flotation in 20 years as Royal Mail stocks go on sale at what critics say is a substantial discount to their real value. Analysts expect many small investors to miss out as senior Labour figures claimed the Government was “ripping off” the taxpayer by selling the stocks prematurely. Vince Cable was accused of rushing through the flotation of the service, preventing both a proper review of the prospectus of the public offering and a debate on whether the business is being sold too cheaply, writes The Times.