Purplebricks will become the first British online estate agency to float on Aim, London’s junior market, when it goes public this month with a market value of £240 million.
Backed by Neil Woodford, the high-profile fund manager, and Wonga founder Errol Damelin, Purplebricks has raised £58.1 million from institutional investors as it looks to expand its national presence. The IPO will raise £25 million for the company and £33.1 million for some of Purplebricks’ shareholders who are selling stock as part of the placing.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.