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OUR PRIVACY AND COOKIE POLICY

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Amendments

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OnTheMarket owner eyes £50m raise with IPO

written by Bella Palmer
property portal

The Hampshire-based, agent-owned parent company of online property portal OnTheMarket has unveiled plans to raise £50m through a London Stock Exchange float.

Agents' Mutual intends to list a new parent company, OnTheMarket plc, on the AIM market with an objective to raise approximately £50m of new equity capital.

The proceeds will be used to fund the growth of the portal, which claims to be the third biggest UK residential property portal provider. In particular, the funds raised will be used to support a heavy-weight national TV, digital and print media campaign, along with high profile local radio and out-of-home advertising.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

agent-owned parent company online property portal

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