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Zoopla set for £1bn stock market float

by LLP Editor
6th Feb 14 9:51 am

Online property portal Zoopla is set for a £1bn stock market debut today.

Majority shareholder Daily Mail & General Trust, which has a 52.6% stake in the business, is expected to get a big profit if it sells some of its stake.

Zoopla is the second-biggest property website in the UK with Rightmove being its arch nemesis.

The Standard reports that Credit Suisse and Jefferies are advising on “strategic options” for the float.

Read: Alex ‘Zoopla’ Chesterman: “I will keep no stone unturned to be number one”

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