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What Price for IPO plc's Shares at its IPO?

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The Royal Mail's Privatization was too cautious according to the National Audit Office. Will Vince Cable ask too much for the shares of IPO Plc? Ever since the announcement by Viscount Younger of Leckie  that the Intellectual Property Office  is to be privatized, there has been intense speculation in the City as to what the price that the shares will be offered to the public upon the agency's privatization. Originally it was rumoured that the price would be 255p but following the National Audit Office's criticism of the Royal Mail Privatization  analysts now believe that it could be set very much higher. A figure of 375p has been suggested by some analysts, especially after the IPO's staff received tempting offers from the Bogof hedge fund. According to the South Wales Argus  and the Western Mail there has been a rush of enquiries for top of the range models at Sytner the luxury car distributor for Newport.  Jewellers and pubs in the ...

Intellectual Property Office to close Bloomsbury Branch

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Almost exactly 160 years after its establishment, the Intellectual Property Office is to sever its last links with London. "Ever since the opening of Concept House in Newport it has been difficult to justify the Bloomsbury annexe" said Lawrence Smith Higgins on behalf of the Comptroller. "It is now used largely as a video conferencing studio for hearings with the occasional mediation and seminar. With the need to make economies across the board this expense, which has largely been for the convenience of London based intellectual property practitioners, can no longer be borne by hard pressed taxpayers throughout the country." Initial reactions from the professions have been mixed.  "Outrageous" fumed a spokesman from the CIPA.  "I should like to know how we are supposed to commute to Newport on scale fees" mused patent and TM agent Richard Gallafent. "But I don't mind too much as we have an office in Llareggub."   "Paddingt...