Crest Nicholson is set to float on the stock market this month after almost six years as a private company.<br> <br> The housebuilder is issuing new shares which are expected to raise around £50 million. This will be used to repay borrowings.<br> <br> In addition, existing shareholders including Varde Investment Partners and Deutsche Bank will sell down their stake in the company and this is expected to raise around £150 million.<br> <br> "Crest Nicholson has a long and successful history as a public company," said Crest ceo Stephen Stone. "The housing market is entering a period of gradual recovery and with our emphasis on the south of England, including London, and the continued support for the new homes market from government, we are well positioned to generate value for shareholders."