Countrywide prices IPO at 350p a share

ESTATE agent Countrywide Holdings this morning priced its IPO at the top of the range at 350p a share, giving the company a valuation of £750m.

The UK’s biggest estate agent said today the IPO would raise gross proceeds of £200m.

Further details will be provided tomorrow, when Countrywide expects to apply for a premium listing.

Chief executive Grenville Turner this morning welcomed the response from investors to the IPO.