NEW YORK ( TheStreet) --There was a legitimately hot initial public offering in the United Kingdom today when the Royal Mail listed its shares on what turned out to be an accelerated timetable. We've followed this story over the last couple of months as it moved from controversial possibility some time in 2014 to today's start of trading on a limited basis for institutions.The controversy focused on two issues and there may be a third issue now that trading has begun. The first controversy focused on employees' concerns over job safety and reductions in benefits. Part of the logic of doing an IPO was and is to try to make the company more efficient. All mail services face challenges from the Internet in terms of email replacing letters, Web sites replacing magazines and online banking replacing the sending out of monthly bills and the mailing back of payments.
Royal Mail Delivers a Hot IPO
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