EasyProperty plans IPO this year

Written by:
EasyProperty is planning an initial public offering in the latter half of this year, chief executive Rob Ellice has announced.

Ellice states that he intends to raise a “significantly larger” amount than the £9.75m that was raised via a share placement last September.

“We’d like to see someone of a larger scale put a bigger chunk of money into the business,” says Ellice, who confirmed the company had been in talks with funds in France, Germany and the US. “I think we’re looking at both an IPO and a pre-IPO round at the moment.”

EasyProperty follows other online estate agents Purplebricks and Hunters UK in announcing its intention to go public before the end of the year. The company is the invention of Stelios Haji-Ioannou, the founder of EasyJet; in the past six months, it has acquired licenses for operation in France, Germany, Greece, Italy, the Netherlands and Spain, and is said to be in talks with local partners in other countries. A launch is planned in Scotland in the near future.

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Unfamiliar banks woo savers with top rates…is your money safe?

If you’ve been keeping an eye on the savings best buy tables, you’ll have noticed some unfamiliar names lu...

What the base rate rise means for you

The Bank of England has raised the base rate by 0.25% to 0.5% – following on from the increase from 0.1% to ...

How to get help with your energy bills

The rise in the energy price cap from April will mean millions of households will pay hundreds of pounds a yea...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week