Foxtons has been added to the London Stock Exchange, with the estate agent valued at close to £650 million on its flotation.
The company announced its plans to float on the stock market last month and it seems to have been a success, as the firm's share price rose quickly in early trading today (September 20th).
Private equity firm BC Partners bought London estate agent Foxtons at the height of the property boom in 2007 for £360 million, indicating the company has almost doubled in value over the course of the last six years.
Although the organisation was hit hard by the recession and the slowdown of the housing market, it was able to quickly return to profit.
With the property sector now on the rise again, Foxtons looks set to have a bright future.
UK chancellor George Osborne was recently forced to deny that the country's economic recovery has been built around another bubble in the housing market.
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The company announced its plans to float on the stock market last month and it seems to have been a success, as the firm's share price rose quickly in early trading today (September 20th).
Private equity firm BC Partners bought London estate agent Foxtons at the height of the property boom in 2007 for £360 million, indicating the company has almost doubled in value over the course of the last six years.
Although the organisation was hit hard by the recession and the slowdown of the housing market, it was able to quickly return to profit.
With the property sector now on the rise again, Foxtons looks set to have a bright future.
UK chancellor George Osborne was recently forced to deny that the country's economic recovery has been built around another bubble in the housing market.
Disclosure: FX Solutions assumes no responsibility for errors, inaccuracies or omissions in these materials. FX Solutions does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FX Solutions shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials.
The products offered by FX Solutions are leveraged products which carry a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.