City & Business: 3i warms up again
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.It must be spring again, or nearly. The first cuckoo has sung, the crocuses are out, the daffodils are pushing their way through the frozen soil, the bird is on the wing - and 3i has announced its intention to float on the stock market once more. 3i has been about to become a publicly listed company for as long as anyone can remember, but for one reason or another it has never quite happened.
Two years ago, it nearly became a reality but then at the last minute the float was cancelled because the group's shareholders, the Bank of England and big clearing banks, could not agree on what it was worth.
This time round it looks more hopeful still; only force majeure will stop it, sponsors insist. It is just 3i's luck, however, that force majeure looks more likely to intervene just at the moment than at any time in the last six years. Severe stock market turbulence is already causing securities houses to wonder whether some of the legion of stock market floats they have planned over the next few months ought to be delayed. A crash would finish off 3i's chances entirely.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments