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The Guardian - UK
The Guardian - UK
Business
Dan Milmo Global technology editor

DARK SECRETS: Nick clegg could make ps30m windfall from datacentre startup nscale flotation | Vintage Vibes

Nick Clegg Nscale Sheryl Sandberg United Kingdom Josh Payne United States Meta
A man in a dark suit and unbuttoned white shirt gestures with his hands while speaking to another man against a purple background
Nick Clegg speaks at the Can Europe Compete panel discussion at The Truman Brewery in London on 3 June. Photograph: Antony Jones/Getty Images for SXSW London

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.

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