Zoopla, the British property website, had engaged the services of the investment bank Credit Suisse in order to explore growth opportunities. One of the options is to have the company listed in the London stock market.
In a statement, Zoopla said, "We work with various advisers and have recently engaged Credit Suisse to help us explore further strategic opportunities as we continue to grow."
The Sunday Times reported that the six year old property website was studying a stock market float which could place the firm's enterprise value up to GBP 1.3 billion or USD2.03 billion. The Times based its report on banker's familiar with the transaction.
Foxtons, the private equity backed real estate agent, said it had planned to sell half of the company at the London stock index by September. The goal of the listing is to ride the wave of recovery that the housing market in London is currently undergoing.
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