Report: Nick Clegg could make £30m windfall from datacentre startup Nscale flotation

The Guardian — Politics has reported on “Report: Nick Clegg could make £30m windfall from datacentre startup Nscale flotation,” presenting it as the central development in the source material available for this brief.

The available account reports that 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 report also notes that 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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