Zoopla, the UK's second-largest property website, has announced plans to float on the stock exchange with a proposed value of £1.2bn.
The sale of at least 25% of the firm, which only launched in 2008, aims to tap into the upturn in the housing market.
The company's last half-year revenues were just over £38m.
The offer will only be open to financial institutions, such as banks and pension funds, and estate agents and developers.
Some 86% of Zoopla revenues come from estate agents' fees.
The website has 40 million users a month.
Only shares held by its existing owners, including founder Alex Chesterman and the Daily Mail Group Trust (DMGT), will be sold.
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