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Internet finance entrepreneur is in the money

12.07 | 1:19

Internet entrepreneur Simon Nixon moved closer to gaining a huge windfall yesterday when details of the flotation of Moneysupermarket.com were published. Mr Nixon, 39, is on track to receive almost 127m in cash if the price comparison site floats at the top of its proposed price range of between 170p and 210p a share.

At 210p, the offering would value Moneysupermarket at just over 1bn. Some analysts have already put a billion-pound valuation on the company, which provides information on financial products such as loans and insurance. It had a turnover of 104.

5m in 2006. Printable version | Send it to a friend | Save story Join our dating site today Guardian Unlimited Guardian News and Media Limited 2007 Internet entrepreneur Simon Nixon moved closer to gaining a huge windfall yesterday when details of the flotation of Moneysupermarket.com were published.

Keywords: Simon Nixon

The Coca-Cola Company Increases Annual Dividend by 10 Per 45th Consecutive Annual Increase: Financial News - Yahoo! Finance
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Gold Fields Limited: US$1.2 Billion Capital Raising: Financial News - Yahoo! Finance
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to raise the ZAR-equivalent of up to US$1,200 million. The Capital Raising Requirements. In addition, an over-allotment option (the "Over-allotment placed in terms of the Capital Raising in order to cover over-allotments, if any...
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