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Zeus Capital acted as Nomad and Joint Bookrunner to Purplebricks Group plc on its £50m institutional fundraising and placing

22nd February 2017


Zeus Capital acted as Nomad and Joint Bookrunner to Purplebricks Group plc on its £50m institutional fundraising and placing.

Purplebricks Group – Placing via an Accelerated Book Build

Zeus Capital acted as Nomad and Joint Bookrunner to Purplebricks Group plc (Ticker: PURP.L) on its placing of new ordinary shares (via an accelerated book build) to raise up to £50m (before expenses), as announced on 22nd February, 2017.

The net proceeds of the Placing are being utilised to enable Purplebricks to launch its business in the United States.

The shares were placed with both new and existing institutional investors.

Having been approved at a general meeting on 13th March 2017, the new shares were admitted to trading on 14th March 2017.