British postal service to IPO

The British postal service, Royal Mail, is going private, reports the New York Times’ DealBook.

Read: IPO tax strategy creates controversy

“The government said on Wednesday that it had appointed Goldman Sachs and UBS as the lead banks to manage a planned initial public offering on the London Stock Exchange later this year. Barclays and Bank of America Merrill Lynch will also work on the sale. The planned offering could value Royal Mail at about £3 billion ($4.5 billion), according to some analysts,” the report says.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.