Cable under pressure as Royal Mail shares soar The House of - TopicsExpress

Cable under pressure as Royal Mail shares soar The House of Commons Business Select Committees investigation into the flotation price of Royal Mail could be expanded to include Lazard, the Governments adviser, in light of the continued rise of the stock. Royal Mails shares closed yesterday at 475p - a 44% rise on the issue price. One aspect of the flotation to receive scrutiny will be the pre-float soundings taken from institution investors - pilot-fishing - which informed the launch price. The Times, p. 37

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