суббота, 25 февраля 2012 г.

Super money for Nixon in dotcom float.

Byline: Lucy Farndon

HE MAY be only 39, but Simon Nixon will be worth up to [pounds sterling]750m when hisprice comparison website Moneysupermarket.com floats at the end of the month.

The internet company has set an indicative share price range of 170p to 210pfor its float, which values the firm at just over [pounds sterling]1bn at the top of the range.

More than 500 staff will share [pounds sterling]56m - an average [pounds sterling]100,000 each - though inreality the top managers will take the lion's share, while employees will getaround [pounds sterling]3,000.

This is the biggest initial public offering open to ordinary investors from thestart since lastminute.com floated in 2000.

Nixon began his investor roadshow yesterday and will next week head overseas todrum up support for the shares, which are likely to begin dealing on July 31.He plans to sell as many as 90.9m of his own shares, which could net him [pounds sterling]190m.He will retain a stake of between 50.5pc and 57pc, which could be worth [pounds sterling]570m.

Co-founder Duncan Cameron, who is no longer involved, will pocket up to [pounds sterling]47mafter collecting [pounds sterling]162m last month.

Keep track of new share issues at thisismoney.co.uk/newissues

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