Big demand for Royal Mail shares

The video discusses the Royal Mail's initial public offering (IPO), highlighting that 62% of the company will be sold, with 10% reserved for employees. The remaining shares are largely allocated to city banks and hedge funds, leaving small investors with limited access. The shares are priced at a maximum of £3.30 each, valuing the company at £3.3 billion, though analysts predict a higher market value. Royal Mail's competitive advantage lies in its extensive delivery network. Concerns are raised about city firms profiting before shares are available to the public.

What competitive advantage does Royal Mail have over potential competitors?

What is the concern regarding the profits made by city firms before the shares are available to the public?