Direct Wonen, a leading residential property letting agent in The Netherlands, has announced that its shares have been admitted to trading on the AIM market in London. The company issued some 32,275,684 new ordinary shares at a price of 137 pence per share, raising about £40 mln (EUR 60 mln) net of expenses. The company's capitalisation comes to about £215 mln (EUR 317 mln).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
