LONDON Jan 21 British housebuilder Crest
Nicholson on Monday said it would launch an initial
public offering in a bid to return to the stock market, five
years after it was taken over during the housing crash.
The company said the offer would comprise new and existing
shares and that the primary proceeds from the offer, around 50
million pounds ($79 million), would be used to pay outstanding
"Crest Nicholson has a long and successful history as a
public company and today we have announced our intention to
return to the stock market," Chief Executive Stephen Stone said.