Zoopla Property Group (ZPG) has today announced its intention to float on the London Stock Exchange and has confirmed that its agent and developer members will have the opportunity to purchase shares in the Initial Public Offering (IPO) at a 20% discount to the IPO price through an exclusive Member Offer.
The discounted Member Offer is designed to reward past and future customer loyalty and will allow each current ZPG member to purchase shares now and further shares next year at a 20% discount to the IPO price. Each member will be entitled to purchase up to £2,500 worth of shares per branch or development that they advertise with ZPG in the IPO and then to purchase the same amount again at the same price next year.
ZPG expects to publish its prospectus and allow members to apply for the discounted shares within the next few weeks and intends to communicate directly with each member on this.
Alex Chesterman, Founder & CEO of ZPG said: “We are delighted 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 is a great way of thanking our members for their loyalty and support and with almost 20,000 members, the offer equates to a £20 million discount to our loyal agent and developer members.”
SOURCE: Zoopla Property Group