Winkworth Estate Agency Property Blog > Winkworth Announce Intention To Float

Winkworth Announce Intention To Float

June 15th, 2009

Today, the Times reported that Winkworth had intentions to list on the Alternative Investment Market (AIM), ‘defying the worst housing market since the Second World War’. The announcement came a little earlier than planned, after the news was leaked by an unknown source. However, we are delighted to confirm our plans, which have had a huge impact on today’s business news.

Many online news sources posted updates first thing this morning and the Winkworth press office has been inundated with calls from the business press wanting the ‘inside story’. As we’re in the very early stages of listing, there is very little in the way of detail available and timings are yet to be confirmed, but look out for more updates here on the blog.

The question many journalists are asking is why we have decided to float given the ongoing uncertainty in the market. Well, it’s fair to say that due to the nature of the Winkworth franchise model, we have fared pretty well despite the much-reported downturn in the market. We were profitable in 2008 and we will be again in 2009, unlike many of our competitors. Our intention is to raise funds to assist our future expansion in the form of potential acquisitions.

Click on the links below to read some of today’s reports:

http://tiny.cc/TimesOnline72

http://tiny.cc/EveningStandardOnline

http://tiny.cc/EstateAgentToday

http://tiny.cc/ThisIsMoney

Posted in Industry-related News, Property Market Comments, Property-related News, UK Market Comment, UK Press Releases