Martin & Co to float on Aim

Residential lettings agency Martin & Co yesterday confirmed its intention to join London’s junior stock market, becoming the latest real estate firm to float. The company, which manages 30,000 properties across 187 franchise offices, plans to raise £4m from a listing on Aim on 18 December. The IPO will allow its founders to partially exit their stakes in the company. Martin & Co is set to round off a strong year for property floats that has seen Countrywide, Crest Nicholson and Foxtons join the market.