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 $40 m (£30 m) 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 $35 bn in a flotation. Based on Clegg’s stake of 0. 12%, that could yield a valuation of about $42 m for the ex-Liberal Democrat party leader.
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