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UK: Countrywide flotation fuels optimism over housing market

Posted on 19 March 2013

Britain’s biggest estate agent prepares for initial public offering amid signs of renewed buoyancy in property market. Britain’s biggest estate agent, Countrywide, is poised to sell its shares in an initial public offering on Wednesday at the highest possible price it had planned for, in a further sign that the UK housing market is gaining momentum.
The company is preparing to offer its shares at the top end of the range – 330p to 350p a share, up from an initial 260p-350p – two unnamed sources told Reuters………………………………………..Full Article: Source


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