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/

UK estate agent Foxtons makes $1.2 billion stock market debut

http://ca.finance.yahoo.com/news/uk-estate-agent-foxtons-makes-1-3-billion-080626446--sector.html

Have you seen the premium its kicked off at though. Shocking.

Bubble, what bubble?

i really do not like Foxton's ethics and ethos - far too sharp and aggressively pushy - so would never use them nor buy their shares

If I have read things correct it looks like Joe soap cannot buy till the 25th ? Good to see views.

Foxtons storms onto London market in latest major float of 2013

By Peter Campbell

PUBLISHED: 21:55, 20 September 2013 | UPDATED: 09:56, 21 September 2013


Foxtons stormed onto the London market yesterday in the latest major float of 2013.


Shares in the estate agent soared by as much as 24 per cent during the day after listing at 230p each.


The listing raised £390m for the group’s private equity backers BC Partners – which could now offload 17m more shares into the market.




Debut: Foxtons sells higher value properties and charges an average commission rate of 2.5 per cent

It is the latest success to hit the trading floor since the start of the year, with rival Countrywide and housebuilder Crest Nicholson notching up 45 per cent and 33 per cent increases since coming to market.


Not all listings of 2013 have clocked up double-digit growth. Shares in Sheilas’ Wheels owner Esure have lost almost a fifth of their value since floating in March.

But Foxtons’ success on its opening day took investors by surprise. ‘I can’t remember the last time I saw shares in a major company move so much on the first day of trading,’ said IG’s Chris Beauchamp. ‘Movements of 5 per cent or 6 per cent are common but this is something else.’

Shares climbed to 285.5p before closing at 267p. The company has been buoyed by London house prices, which have risen 10 per cent over the last year.

In the last six months the group said its underlying profits rose 14.3 per cent to £19.4m.


Founded by Jon Hunt in Notting Hill in 1981, the chain focused on selling higher value properties and charges an average commission rate of 2.5 per cent.


Last year its average sale price was £476,000.


Private equity group BC bought the company from Hunt in 2007 for £360m, right at the top of the market. After losing control of the business to its lenders, the buyout group regained control of Foxtons in 2010.

Share tips: Foxtons

Sun, 22 September 2013

Avoid Foxtons, the Sunday Telegraph’s Questor said. Amid fears of a property bubble, the London market, where the estate agent does most of its business, has outperformed the rest of the UK by 10 times. The shares gained 14% after they started trading 0n September 20th and are already looking pricy. On Questor’s calculations Foxton’s is trading at 24 times forecast adjusted earnings per share. That is expensive for a business where profit and revenue are rising by 6% year, Questor concluded.


http://sharecast.com/news/share-tips-foxtons-unite-ag-barr/21172803.html

dreamcatcher- 21 Sep 2013 12:57 - 6 of 8

If I have read things correct it looks like Joe soap cannot buy till the 25th ? Good to see views.........................

You could get them on a spread bet with IG index 0n thursday. Thats why I knew they were trading at a massive opening premium to the float SP. Mid 277.4p at moment.......... DEC contract.

Thanks goldfinger, one to avoid for myself at the moment.

21/9 - i lied! .... i have just bought them despite concerns as to their ethics ..... what price principles as is often said?

no numbers due until 20/3/14, but with property prices and volumes at last on the increase, i'ld be disappointed if sp was not well north of the current 295/300 by then

cynic interim management statement 6th November 2013

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.