Countrywide has valued its business at £750 million after the letting agent company revealed it will be pricing its shares at 350p as part of its initial public offering.
It is a sign of confidence in the state of the market from the firm, as it had previously set the price range for the shares at between 330p and 350p.
Grenville Turner, group chief executive officer, 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."
Bankers from Goldman Sachs, Jefferies and Credit Suisse are among those to have been brought in by the company to advise on its flotation on the stock market.
A full admission from Countrywide to the London Stock Exchange is expected to take place next week.
EasyJet was one of the companies to join the FTSE 100 this week and the airline's share price remained close to a 52-week high.
Learn about the sterling and forex trading at City Index.
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.