Royal Mail shares will go up after IPO so maybe stag but don’t invest

We will soon hear the exact pricing of the Royal Mail IPO and I expect it to be towards the upper end of the 260p-330p indicated range as there has been very strong institutional and private investor demand – I guess we are in a bull market. And spreadbetters reckon the stock will go to 340p on days one. So there is a case to stag the issue. But..

If you want to take a quick turn by stagging it go ahead. But you would not wish to buy for the long term. Why?

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