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UK's Countrywide jumps in strong market return

By Brenda Goh LONDON (Reuters) - Countrywide Holdings <CWD.L>, Britain's largest estate agency by revenue, enjoyed a strong return to the stock market on Wednesday after a six-year absence, completing a listing which valued it at 750 million pounds. Countrywide's successful share sale reflects a recent upturn in companies going public and was encouraged by growing investor optimism towards Britain's housing sector, with housebuilders reporting robust profits despite the mixed economic picture.

Countrywide jumps in strong market return

By Brenda Goh LONDON (Reuters) - Countrywide Holdings <CWD.L>, Britain's largest estate agency by revenue, enjoyed a strong return to the stock market on Wednesday after a six-year absence, completing a listing which valued it at 750 million pounds. Countrywide's successful share sale reflects a recent upturn in companies going public and was encouraged by growing investor optimism towards Britain's housing sector, with housebuilders reporting robust profits despite the mixed economic picture.

UPDATE 2-UK estate agent Countrywide plans stock market return

* Says to raise 200 mln stg from selling new shares * Refinances debts to reduce interest bill * Expects to be part of FTSE-250 midcap index By Tom Bill LONDON, Feb 20 (Reuters) - Countrywide Holdings, Britain's largest estate agent by revenue, plans to return to the stock market after nearly six years in private hands, hoping a fragile housing market recovery will be enough to tempt investors amid growing demand for new issues.
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