Countrywide float set to lift housing sector

 
Kasmira Jefford
Follow Kasmira
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.