How to buy shares in NatWest when the Government sell it off?

[danlightbulb]

Mentioned in the budget speech I think and I've also seen it mentioned elsewhere, that in the summer the Government will be selling off their ownership in NatWest.

How will Mr General Public like me buy some?

I might stick £500 in as a punt and hope to get a 2x in the next couple years.

 

[danlightbulb]

It's the gov. Those shares will be long, long gone way before you even get a sniff of them being released.

It's meant to be for retail trade according to the Government article.

You could buy £500 worth anytime you wanted. UK Bank shares only go one way and it ain't 2x.

I was assuming the offer would be at some sort of discount to the traded price, otherwise yeah it ain't worth it and I could do it now.

 

[danlightbulb]

Why would you assume that? They are taking a hit on it already.. and they are waiting for a more “favourable market” before they sell.

flooding the market with cheaper shares would only lower the asking price of the shares, everyone who buys them will most likely flip them straight away.

Because what would be the incentive to buying them off the Gov rather than just on the existing open market if they weren't discounted?

I reckon they will discount somehow and limit the number per person.

 

[danlightbulb]

We shall see in the summer, if it happens in the summer of course.