Zoopla to reveal listing plans this week

[LONDON] British property website Zoopla will announce plans this week for a stock market listing that will value the company at about £1 billion (S$2.1 billion), the Sunday Times newspaper reported.

The flotation would be a boost for newspaper publisher Daily Mail and General Trust (DMGT) which controls 51 per cent of the seven-year-old company, the report added.

Plans were likely to be confirmed on Thursday when DMGT releases its latest financial results. DMGT will sell a "substantial number" of shares in the offering although it wants to remain the largest investor, the report added.