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James Robertson, managing director of UBS, revealed that the 330p was almost raised by 20p in the final few days before the listing. But the bankers advised the Government against the raise due to risks including the threat of a US Government default and imminent strike action by Royal Mail workers. Mr Robertson said raising the price had only be done once before in 13 years. That was the float of Lastminute.com in which investors were severely burned.