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Lord Myners was asked by the Secretary of State for Business to lead a panel of experts in an independent review of the way government owned shares are sold through Initial Public Offerings (IPOs). This is the process by which shares in a company are first made available to the market. He was asked to look at ‘bookbuilding’. This is a means by which advisers receive orders for shares from potential investors to determine price. The review has considered whether there are alternatives or enhancements to bookbuilding that may be considered appropriate for future sales of government primary shares.