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| <p>On 10 July, the Secretary of State for Business, Innovation and Skills, the right hon. Member for Twickenham (Vince Cable), announced the Government's intention to float shares on the London Stock Exchange via an Initial Public Officering (IPO) in this financial year.</p><p>The next milestone in taking forward the IPO will be the issuing of an Intention to Float (ITF) announcement in line with normal market practice. No decision has been made on the timing of the ITF.</p> | ||