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Overall, and through all different brokerage houses, 700,000 investors tried to buy shares during the IPO. More than 93,000 investors seeking to invest between ツ」750 and ツ」10,000 ended up receiving 227 shares each, for a total value of ツ」749.10 worth of shares per investor. The 5 percent of investors applying for more than ツ」10,000 worth of shares ended up with none, and the government was broadly condemned and applauded for shutting them out. The U.K. staff of Royal Mail (around 150,000 individuals) were each given approximately ツ」2,200 worth of shares, which represents 10 percent of the total shares available.