Business News

Thursday 18 September 2014

Zoopla sets IPO price in lower half of range

Published 18/06/2014 | 08:17

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Alex Chesterman of Zoopla

Zoopla Property Group, the property website majority owned by Daily Mail And General Trust, on Wednesday set the price of its initial public offer in the lower half of the range, valuing the group at £919m.

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Zoopla, which had said it would price the shares at between 200p and 250p, said the offer price had been set at 220p per share.

The offer represents 38.3pc of the company's issued share capital. No new shares are being issued.

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