Property Website Rightmove Sets Price Range for IPO

London -- Rightmove, the largest property website in the U.K.,
announced that it has set a price range of between 240 and 315
pence per share for its upcoming initial public offering (IPO) on the
London Stock Exchange. The company, which claims to control
about 75% of the U.K. online-property market, is expected to offer
18% of its issued share capital, giving it a market capitalisation of
between £305 million and £400 million. Rightmove -- which is
owned by Royal & Sun Alliance Insurance Group, HBOS,
Countrywide and Connells -- said it would confirm the offer price by
March 10 and list its shares on March 15.
http://www.rightmove.co.uk/template/publicsite%2Caboutus%2CNews.vm