Royal Mail rival DX to float
Deja vu.
We've got another delivery company initial public offering on its way, by the looks of things. Delivery company DX announced its intention to float on the Aim this morning.
The London float would see the nearly 40 year old company valued at considerably less than its once nationalised peer, but willing to put up a fight.
DX says that its DX Exchange service – a private business to business network – is designed to provide a fast delivery service that offers "savings against Royal Mail prices".
Nice to see more competition in the market. At least, until we get drones shipping our goods.