It’s the first anniversary of the Royal Mail IPO on Saturday and since the flotation price was struck at 330p, it has peaked at 650p and now hovers around the 400p mark.
Bristol based Hargreaves Lansdown says that for 28% of its clients, the Royal Mail flotation was their first stock market investment. For 34% it was their first stock market investment for five years, or more; and, for 75% of 18 to 39-year-olds who got involved in the IPO, they said that they would happily get involved in future IPOs.
The irony, says Hargreaves Lansdown, is that private investors have been excluded from 93% of main market IPOs this year.
