The company, which has 40 branches in Scotland, 25 as Slater, Hogg & Howison, raised £200 million on its return to the market after a gap of six years when conditional trading began.

The listing gave Countrywide a market value of £750m. The initial public offer (IPO) saw the company raise funds through the issue of 57,142,858 new shares, which represented 26.7% of the total 213,730,676 in issue at the time of admission. The company intends to use the funds to repay borrowings, reduce interest payments, create a more efficient capital structure, and put the business in a position to growth organically and through acquisitions.