Founded in 1981, Foxtons started life as a two-person agency in Notting Hill. Over the years we are proud to have become London's leading estate agent.


Estate agency Foxtons Group has announced the successful pricing of its IPO of 169.4m shares of one pence each. The price has been set at 230p per share.

Based on the Offer Price, the market capitalisation of the Company will be approximately £649m on admission.

The Offer is expected to raise gross proceeds of approximately £390m, comprising a primary component of £55m and secondary sales of £335m. Secondary sales will consist of a partial sell-down by Adnams BBPM Holdings Limited (an entity controlled indirectly by funds advised by BC Partners), executive directors of the Company and certain other employees of the Group.

Conditional dealings will commence on the London Stock Exchange at 8.00 a.m. today under the ticker FOXT.

Admission to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange and the commencement of unconditional dealings in the Shares ("Admission") are expected to take place at 8.00 a.m. on 25 September 2013. At Admission the Company will have 282,176,468 Shares in issue.

http://www.foxtons.co.uk/

thanks hali ..... missed that bit, but i guess the forecast will be bullish

yes looking good.

Good for you cynic, you do not have to like a company for it to make you money. Well done.

quite so LOL!!!

True. That's the name of the game. :-))

strong close :-)
the morrow will see if it's an anomaly

2013 has been a very good year for IPO's.

London house prices leap 10% in just a month, I'm sure this will help the commissions of the estate agents.

read it again!
london prices were up 10% over the last YEAR!

I have, 10% in a month. yes

From sky news - London house prices are said to have soared to a new high this month, beating their previous record by nearly £30,000 and fuelling fears that the capital is overheating.

Property website Rightmove said asking prices in the capital saw an "unsustainable" 10% month-on-month increase in October, pushing typical asking prices to £544,232, leapfrogging a previous high set in July by more than £28,000.

in that case i'll have to look again, but it is totally impossible for prices to jump 10% in a single month - think about it; that would be 0.3% every single day of the month

Overheating ?

go to Nationwide House Price Index ...... liked wot i sed - london prices up 10% in a YEAR!

Right move - It put much of the increase down to a "frenzy" of activity in parts of prime inner London as overseas investors look for a safe haven to place their cash amid the troubles of the eurozone, which is "leaving the shelves bare".



Westminster was named as London's strongest-performing house price area in October. Prices there have soared by 11.9% month-on-month to reach £1.6m typically.


Clearly states over a month below from Sky =


Kensington, Chelsea, Hammersmith and Fulham also recorded increases of 11.8% in sellers' asking prices over the month.

Will they get their asking prices ?

i'll say no more, but you are absolutely mis-reading!!!

'go to Nationwide House Price Index' ...... I see 10% in Q3, the sky headline is not clear.

read it properly for goodness sake and see the attaching bar chart further down the left-hand side .... i would have c+p'ed for your very simple brain, but it wouldn't let me

Chill out for goodness sakes -

Read what I have put in post 28 Am I not agreeing with you? Sounds like another stressful day at work? I have agreed with you and also stating the sky write up is poor.


Eg of a poor write up from Sky - Kensington, Chelsea, Hammersmith and Fulham also recorded increases of 11.8% in sellers' asking prices over the month.

ok - i'm a muppet then :-)

I knew that already. (Joke) lol