Countrywide float set to lift housing sector

Kasmira Jefford
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ADVISERS to the stock market listing of the UK’s largest estate agency Countrywide yesterday narrowed the price range to 330-350 pence per share, at the upper end of the range originally set.

Countrywide, which plans to raise £200m from the sale of new shares to repay debt and grow the business, had initially offered the shares at 260-350p each.

The price range gives the company an overall valuation of between £600m to £750m.