There are concerns that Royal Mail has been undervalued as investors rush to buy shares in the company ahead of tomorrow's midnight deadline. Labour said the sale was "a dream" for City speculators but a nightmare for the taxpayer.
Investors have been rushing to buy shares in Royal Mail ahead of tomorrow's midnight deadline, hoping to enjoy instant profits amid reports the company has been undervalued.
The shares have been priced at between £2.60p and £3.30p but are expected to rise in value when the company floats on the stock market.
The company is currently valued at £3.3 billion but analysts at Panmure Gordon say it could be worth as much as £4.5 billion, the Daily Telegraph reported.
The Government is selling up to 62 percent of the business, with a 10 percent stake being handed for free to Royal Mail employees.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.