Countrywide Holdings Ltd has revealed the successful pricing of its initial public offering.

The offer price has been set at 350 pence per share. It will raise gross proceeds of £200 million for Countrywide.

Based on this Offer price, the total market capitalisation of Countrywide will be approximately £750 million.

Grenville Turner, group CEO, said: “I am delighted by the very positive response we received from investors over the past few weeks which is recognition of the opportunity Countrywide has as the UK’s largest integrated property services group.

“I would like to thank all those – colleagues, partners, clients and customers – whose professionalism, effort and commitment have brought us to where we are today.

“Countrywide will continue to focus on delivering results, developing innovative and differentiated products and capitalising on our unique proposition.”