Maloney to cash in with Hut float
Barry Maloney -- the Simon Cowell of technology investment -- could be set to make a killing with the flotation of online retailer The Hut, which is set to raise over €120m on the market after summer.
Mr Maloney's venture-capital firm Balderton is one of the largest investors in the internet shopping company. An IPO is likely to value The Hut at close to €350m.
Balderton invested €17m in the company with other backers at the start of 2010.
Former Marks&Spencer boss Stuart Rose and ex-Tesco chief Terry Leahy are also investors in the online retailer.
Sunday Indo Business