Royal Mail logo on jacket
Media playback is unsupported on your device

Royal Mail shares priced at 330p, government announces

10 October 2013 Last updated at 23:21 BST

Royal Mail shares are to be priced at 330p, the government has announced.

It also said the 93,000 members of the public who submitted a valid application for £750 worth of shares will receive the full amount.

Those who applied for shares worth more than £10,000 will not receive any.

Robert Peston reports.