26/07/2007 The London Stock Exchange is delighted to welcome Moneysupermarket.com Group plc to the Main Market
26 July 2007
The London Stock Exchange is delighted to welcome Moneysupermarket.com Group plc to the Main Market.
Moneysupermarket.com Group (MSC) operates two flagship websites, moneysupermarket.com, the UK’s leading finance price comparison website; and travelsupermarket.com, a leading UK travel price comparison website. Together they attracted 64 million visitors and 523 million page impressions last year.
MSC’s internet business was established in 1999 and currently operates across four verticals: money, insurance, travel and home services, covering 25 price comparison channels.
The company’s websites were ranked by Hitwise as the number one finance price comparison website in the UK (based on estimated market share in April 2007 in the Banks and Financial Institutions category excluding non-price comparison websites).
In addition to its primary internet business, the group operates Mortgage 2000, an offline intermediary business providing mortgage sourcing and information systems and related services to financial intermediaries, and the leads distribution business paaleads.com.
Chief Executive Simon Nixon said: “Over the past seven years, moneysupermarket.com has focused on building its internet business by putting consumers first. Becoming a plc is our natural evolution which will help us to continue raising the profile of the company as a consumer champion.”
The proceeds of the global offer will principally be used to repay the group’s existing debt facilities and fund the group’s expected growth.
Credit Suisse is the sole sponsor, sole global co-ordinator and book runner. Lehman Brothers International (Europe) and UBS Limited are co-lead managers.