LSL floats on London Stock Exchange

LSL Property Services has debuted on the London Stock Exchange. In conditional dealing, the shares opened at 212p, valuing the company at £221m.

Simon Embley, chief executive of LSL Property Services, says: “Becoming a listed company is an important milestone in the development of our group. The flotation will raise our corporate profile and will also provide flexibility to the Group in our strategy of development through organic growth together with selective acquisitions.

“We remain committed to providing an excellent service to our clients and the flotation will help us retain and attract the quality people that have helped us build the business we have today.”