Tuesday 21 November 2017

Maloney to cash in with Hut float

Nick Webb

Nick Webb

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

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business