Foxtons exercises over-allotment option, raises float to 66 pct
LONDON, Sept 24 (Reuters) - British property agent Foxtons said it had now floated 66 percent of the company after it exercised an over-allotment option following a successful stock market debut last week.
Shares in Foxtons on Friday opened 19 percent above the 230 pence offer - which was already at the top of a targeted range between 190 pence and 230 pence - to value the company at around 775 million pounds ($1.2 billion).
On Tuesday it said the float now represented around 66.1 percent of the ordinary share capital, after it sold 60 percent on Friday. On Tuesday its shares closed at 269.5 pence.
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