Zoopla considering stock market float
Zoopla, the UK’s fastest-growing property website, is considering a float which according to The Sunday Times could see it valued between £1bn and £1.3bn.
Zoopla has appointed Credit Suisse to “explore further strategic opportunities as we continue to grow”.
If the figures are correct they would see Zoopla founder Alex Chesterman getting around £100m, thanks to his 9% stake.
We reported last week that Zoopla Property Group had acquired Trinity Mirror Digital Property.
The group also launched its biggest-ever marketing campaign, consisting mainly of TV ads.