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Purplebricks float expected to value online estate agent at £240m

Discussion in 'Market News' started by Lily, Dec 3, 2015.

  1. Lily

    Lily Forum Member

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    Company that launched last year is backed by prominent fund manager Neil Woodford and is dominant force in the growing online sector

    Online estate agent Purplebricks, which is backed by the prominent fund manager Neil Woodford, said it expects to float on the stock market with a value of £240m.

    The firm, which launched last year, has raised £58m from selling shares to institutional investors. The shares are expected to start trading on London’s alternative investment market on 17 December.

    Related: Neil Woodford is top equity income performer with 20% return

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