Unique model captures dominant market share
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Purplebricks is a 24 hour estate agency, combining technology and customer facing software with local property experts (LPEs) to create something better, more convenient, transparent and significantly cheaper for sellers and landlords. Since launch in April 2014 it has captured over 60% of the online market and even become the 4th largest UK estate agent. Its first mover advantage provides substantial scope for growth and suggests the share valuation is modest. Moreover, the management team have extensive public company experience, estate agency expertise and a track record of building fast-growing businesses. These metrics have supported a successful IPO today, raising £22.8m net new money (£58m in total) to enhance strong growth.
PurpleBricks Group is engaged in the estate agency business.
We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.
Our expert team of sector analysts and market professionals collectively have over 400 years of experience. This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.
Our smaller, boutique structure allows us to provide first-class customer service and to deliver a wide range of ad-hoc services for multiple clients with different needs.
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