Purplebricks expects to be valued at $359 mln in London listing

IPO-PURP.L), a British on the web estate agency backed by fund manager Neil Woodford, stated it expects to list on London’s junior Alternative Investment Market with a market worth of 240.three million pounds ($ 359 million).

The organization, which was founded in 2014 by brothers Michael and Kenny Bruce, said it had conditionally raised 58.1 million pounds ($ 87 million) ahead of its debut.

Trading in Purplebricks’ shares is anticipated to commence at eight.00 am on Dec. 17, the firm mentioned in a statement. ($ 1 = .6695 pounds) (Reporting by Esha Vaish in Bengaluru Editing by Sunil Nair)