Chief Executive of Royal Mail, Moya Greene said she believes the government priced Royal Mail shares correctly, and dismissed claims that the taxpayer has lost out through the privatisation of the 500-year body. Speaking to Consumer Editor Chris Choi, she said:
"I think the Secretary of State for Business has called that one properly."
Shares in Royal Mail soared again this morning as trading started making them almost 50% more valuable than the government's price tag.
Within five minutes of Royal Mail being officially listed on the London Stock Exchange over a million shares had been traded.