Zoopla just misses £1bn mark with stock market debut

Property site Zoopla, which is majority owned by the Daily Mail and General Trust, has made its debut on the stock market, priced at the lower end of its range, and just missing its forecast of £1bn.

Shares in the website were priced at 220p, towards the bottom end of estimates which valued the shares between 200p and 250p.

Founder and chief executive Alex Chesterman said: “We are delighted with our successful listing.”

“We have received a significant level of institutional investor support in our business which once again underlines the growth potential of Zoopla Property Group.”

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