UK property website Zoopla plans to partial listing

British property website Zoopla plans to list a portion of its shares to tap into the strong sentiment around the country’s property sector, its majority owner Daily Mail & General Trust said.

The float of the country’s second largest property website after Rightmove follows the recent listings of online groups AO World and Just Eat, and the stock market float last year of property agent Foxtons.

Zoopla said today the offer would comprise the sale of secondary shares only. It will have a free float of at least 25 per cent.

The publisher of Britain’s Daily Mail and The Mail on Sunday, which owns 52.6 per cent of Zoopla, announced the market listing as it posted half-year results in line with forecasts.