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Should the firm's plans go through, the IPO is likely to take place in 2014.
It held around 38% of Royal Mail shares after giving 10% to staff, and selling 52% to investors through the IPO.
Nielsen's owners, for example, are planning to use most of the money they raise through the IPO to lower the company's debt, which stood at nearly $8.6 billion in September.
Robert Peston (@Peston) More than a quarter of all Royal Mail shares flogged by the government have been traded this morning October 11, 2013 11.52am BST The Financial Times reports that Jupiter Fund Management has purchased a sizeable amount of Royal Mail's shares through the IPO.
Often, a Western-trained CFO is still preferred for going through the IPO process.
Through the IPO, its founders and investors are all selling out, while the public will be left holding what remains.
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Those people typically want to see it through, you know, through to the IPO or an M&A deal.
Although it isn't quite as bad as the 11 seen by this time last year, it's a disappointment to see so few companies going through when the "IPO window" is said to be open.
Williams has agreed to buy $5 million of common stock through the placement at the IPO price, expected to be between $18 and $20 per share.
As with our story on IPO down rounds, we gathered the data on IPOs through the end of October 2015 and compared the IPO price of each company to the last private round of financing they'd raised to determine which were down rounds.
We then raced through the upcoming IPO crop, including debuts from Razer and Sogou among others.
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