Following Zoopla Property Group’s (ZPG) recent announcement of its intention to float on the London Stock Exchange, it released its prospectus yesterday and has confirmed that the exclusive Member Offer is now open, allowing its agent and developer members to subscribe for shares in the Initial Public Offering (IPO) at a 20% discount to the IPO price.
All ZPG members will receive a written communication along with an application form for the Member offer over the next couple of days which will need to be returned by those who wish to subscribe for the discounted shares by 13th June. The discounted share offer has been designed to reward past and future loyalty.
Each ZPG member will be entitled to purchase up to £2,500 worth of shares per branch or development advertised with ZPG in the IPO and the same amount again next year, both at a 20% discount to the IPO price.
Alex Chesterman, Founder & CEO of ZPG said: “Today's announcement reflects the strong level of investor interest in our business and underlines the growth potential of Zoopla Property Group. We have been delighted with the response to the news of our intention to float and to be able to offer our members the opportunity to become shareholders in our business by participating in our IPO at a significant discount. This offer equates to a £20 million discount and is a great way of thanking our members for their loyalty and support.”
The Price Range Prospectus is available here.
SOURCE: Zoopla Property Group