Zoopla shares up 7% following IPO

Zoopla priced its IPO at 220 pence per share earlier this week, giving it a market cap of £918.8m. The increase in share price lifted that value to around the £981m mark, close to the £1bn level the company had been expected to reach earlier this year.

According to the company's IPO prospectus, Atlas now holds 6.4% of the company's shares through the Atlas Venture Fund VII, while Octopus has a 2.4% stake held by the Zenith fund, Octopus Eureka EIS and Octopus Titan VCTs.

Atlas and Octopus took part in a £3.75m funding round for Zoopla in January 2009 and later invested a further £1.75m into the company in early 2011.

The company's flotation mainly targeted institutional investors, who acquired 155.8 million of the 160 million shares available.

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• Topics
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• UK / Ireland
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