No-frills airline EasyJet will have a market value of more than £750 million sterling when founder Mr Stelios Haji-Ioannou floats the group on the London Stock Exchange next month.

A quarter of EasyJet, or 63 million new shares, is being floated at a price of between 250p to 350p - giving a mid-point value for the 25 per cent stake of £189 million.

Conditional trading in the company will commence on November 15th, with unconditional dealings beginning on November 22nd.