Shares in Rightmove, the UK online estate agent, soared 19% in the first hour of trading today, after the company priced shares for its flotation at the top of the range last night. UBS was sole bookrunner on the deal.

Shares were priced at 335p, the top of a revised bookbuilding range of 275p to 335p. The range was increased from between 240p and 315p last week, following strong demand for the offering and strong trading the grey market.