OnTheMarket: Estate agents to launch new site to rival Zoopla and Rightmove July 16, 2014 A group of estate agents yesterday announced that they had joined forces to create an online property portal to challenge the dominance of Zoopla and Rightmove. They said the portal would launch in January under the name OnTheMarket. Agents’ Mutual was founded last year by some of Britain’s biggest estate agencies, including Knight Frank and [...]
Zoopla’s debut safe as houses after stock rises June 18, 2014 PROPERTY portal Zoopla yesterday attracted a host of blue-chip investors to its £900m London stock market debut, helping net its founder £30m. The company, which priced shares at 220p, saw 38.3 per cent sold to new investors after existing shareholders such as Daily Mail and General Trust (DMGT) – its biggest owner – and founder [...]
Zoopla share price jumps more than five per cent at IPO June 18, 2014 Shares in Zoopla, a property aggregating website, have jumped by more than five per cent on the first day of its IPO, up over 230p from an opening price of 220p. Investors have been eagerly anticipating the launch by Zoopla Property Group, which is owned by the Daily Mail And General Trust (DMGT). A float [...]
Zoopla looks to £1bn valuation in share issue June 5, 2014 ONLINE property website Zoopla yesterday gave an indicative price range of 200p to 250p for its impending share issue – giving the firm a valuation of between £833m and £1bn. Investors in the business, which says it has about 40m visitors per month, are expected to sell between one third and a half of the [...]
Zoopla’s shares are moving to a new £1bn home May 22, 2014 ZOOPLA fired the starting gun yesterday on a float that could value Britain’s second largest property website at around £1bn. The stock market debut will trigger a windfall for Zoopla’s shareholders, including majority owner the Daily Mail & General Trust, Countrywide and its founder and chief executive Alex Chesterman, who will sell down their stakes [...]
DMGT shares hit 13-year high as Zoopla eyes float February 5, 2014 PROPERTY search website and app Zoopla is heading towards a London initial public offering (IPO) after its majority owner, the Daily Mail & General Trust (DMGT), yesterday confirmed Zoopla’s board was considering “strategic options” for the company. Shares in DMGT rose to a 13-year high after the news emerged and closed up five per cent [...]
Zoopla hires bankers to draw up options for sale September 8, 2013 PROPERTY search website Zoopla yesterday said it had hired investment bankers from Credit Suisse as it eyes a float or potential sale of the business. The company, which is controlled by Daily Mail General Trust, is understood to have commissioned the bank to draw up a list of proposals to determine the future of the [...]