Nick Clegg could make £30m windfall from datacentre startup Nscale flotation
by Dan Milmo Global technology editor from Technology | The Guardian on (#78JDJ)
The former UK deputy prime minister is a board member of the UK-based company and owns 917,000 shares
Nick Clegg could make approximately $40m (30m) from the planned float of Nscale as the UK-based datacentre company prepares for a US stock market listing.
The former UK deputy prime minister owns more than 917,000 shares in the startup, which is reportedly seeking a valuation of up to $35bn in a flotation. Based on Clegg's stake of 0.12%, that could yield a valuation of about $42m for the ex-Liberal Democrat party leader.
Continue reading...