Royal Mail IPO's faulty delivery

A 63% rise in Royal Mail's shares since its London IPO six weeks ago doesn't take into account the postal operator's substantial risks

It's hard to please some people. Shares in Royal Mail have jumped 65% since the UK government sold a majority stake in the postal operator six weeks ago, raising £3.3 billion.

That beats the post-flotation pop at Twitter, delivering those who backed Royal Mail's initial public offering-including many retail investors-a handsome profit.

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