Stories emerged over the weekend that Zoopla – the challenger to the leading UK portal Rightmove is exploring the option of a stock market float.
The UK’s Sunday Times headlined Zoopla amid a collection of other possible listings totally over £40 billion. The estimated valuation posed for Zoopla was over £1 billion. The New York Times also picked up the story reporting a valuation of £1.3 billion.
The NY Times said that Zoopla had recently hired Investment Bank Credit Suisse to “explore growth opportunities”.
It may be early days but given the profile and market caps of some of the leading listed portals around the world, coupled with a new flush of enthusiasm for tech listings there is likely to be more to this story in the coming weeks.
An estimated valuation for Zoopla of £1.3 billion wold place it between Zillow and Trulia in ranking of globally listed property portals, far behind the global leader of REA in Australia.