How much did royal mail shares sell for
Royal Mail shares were listed on the London Stock Exchange (LSE) on October 11, 2013, following a successful initial public offering (IPO). The IPO price was set at 330 pence per share.
On the first day of trading, the shares opened at 378 pence and closed at 384 pence, giving the company a market capitalization of around £3.3 billion (approximately $4.4 billion USD).
Since then, the share price has fluctuated based on various market and economic factors. Here are some key milestones:
- High: 600 pence (reached in January 2014)
- Low: 220 pence (reached in March 2019)
- Current price: around 340-350 pence (as of March 2023)
It's worth noting that the share price has been affected by various factors, including changes in the UK's postal market, competition from private courier services, and the impact of the COVID-19 pandemic on the company's operations.
If you're interested in buying or selling Royal Mail shares, I recommend consulting with a financial advisor or a reputable online broker to get the latest information and make an informed decision.