Some 89% of Onthemarket’s members have voted in favour of the property portal floating on London’s AIM.
The company is looking to raise £50m through the listing, which will be used to fund expansion and restructuring of the business. It is targeting a market capitalisation of between £200m and £250m.
Following the IPO, expected next month, Onthemarket will drop its one-other-portal rule. It will also require members to sign up to using the platform for a five-year period.
