Editorial

07 Dec 2015 Purplebricks - LSE AIM Initial Public Offering

Purplebricks – LSE AIM Initial Public Offering -  Purplebricks, the hybrid estate agency, has conditionally raised GBP58.1 million before expenses from an institutional placing and is expected to be admitted to AIM with a market capitalisation of GBP240.3 million and on a fully diluted valuation of GBP255.0m. Purplebricks launched in April 2014, offering a fixed-fee service costing between GBP665 to 995 plus VAT. Purplebricks is a national estate agency and lettings business driven by a combination of professional Local Property Experts (LPEs), technology and customer facing software designed to change the whole experience of selling, buying and letting property. (Travers Smith advised Zeus Capital – Nominated Adviser).

Financial Centre : London
Law Firm : Travers Smith
Lawyer : Philip Cheveley

Practice Area : Equity Capital Markets
Classification : Initial Public Offerings
Sub-classification : LSE: AIM
Industry : Real Estate Investment & Services

Advised Party : Lead Managers
Value USD Equiv: 100.01-500.00M

Issuer Jurisdiction- : United Kingdom
Listing Jurisdiction- : United Kingdom