Norton Rose Fulbright advises Purplebricks on £240 million IPO

Business December 7, 2015

Global law firm Norton Rose Fulbright is acting for leading UK online estate agency Purplebricks on its £240 million AIM lPO.

Purplebricks, which launched in April 2014, is the first online estate agent to list in the UK to list on AIM.

Backed by a number of well-known investors, Purplebricks has conditionally raised £58m from selling shares to institutional investors. The shares are expected to start trading on AIM on December 17, 2015. The IPO will raise £25m for the company while some directors and investors will cash in shares worth £33m.

The Norton Rose Fulbright team in London is led by partner Richard Sheen assisted by senior associate Clementine Hogarth. Travers Smith is acting for nominated advisor and broker, Zeus Capital.

For further information please contact:

Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684893
louise.nelson@nortonrosefulbright.com

Notes for editors:

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