DMGT confirms it is to float Zoopla

ZOOPLA W_TAG CMYK LOGODaily Mail owner to receive cash injection from UK’s second biggest property site, and is also to sell Jobsite to StepStone. The owner of the Daily Mail has confirmed it will float Zoopla, the UK’s second biggest property site, on the London stock exchange next month. Daily Mail & General Trust, which is expected to float Zoopla with a valuation of about £1bn.

The flotation of Zoopla, which includes sites such as Primelocation, will see DMGT reduce its 52.6% share holding in the company, but says it still wants to remain as the largest shareholder.

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