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Website may seek flotation
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Britain’s second-biggest online estate agent Zoopla has hired investment bank Credit Suisse to explore growth opportunities, which could include a possible London stock market listing.
“We work with various advisers and have recently engaged Credit Suisse to help us explore further strategic opportunities as we continue to grow,” the company said in a statement yesterday.
A report in Britain’s Sunday Times newspaper said the six-year-old property website was exploring a stock market float that could value the firm at up to 1.3 billion pounds (US$2.03 billion), citing bankers.
Private-equity backed British estate agent Foxtons last month said it plans to sell half the company on the London stock market in September.
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