Thousands will lose out in Royal Mail share sale frenzy

Mail Online is reporting today that thousands of small investors risk losing out in the Royal Mail sell-off because shares are likely to be heavily rationed.

The Government is selling just over half the firm, prompting a shares gold rush. City banks and hedge funds have the right to buy 70 per cent of them, and are predicted to make a killing because the company may have been severely undervalued.

Small investors have been left scrabbling around for the remaining 30 per cent. The deadline for applications is tomorrow at midnight and the sale is predicted to be hugely oversubscribed, prompting fears there will simply not be enough shares to go around.

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