Tuesday 12 December 2017

Moneysupermarket founder raises $216m from share sale

The founder of financial services price comparison firm Moneysupermarket.com has earned £129.5m before costs from a sale of shares in the company, Credit Suisse said on Tuesday.

Simon Nixon cashed in with a sale of 70 million shares at 185p a share, representing 12.9pc of the company's issued share capital.

Moneysupermarket.com announced the share sale on Monday after the markets closed. The placement was increased from 55 million shares in response to strong demand.

Nixon still holds a 16.6pc stake in the firm and is now under a 180-day lock-up following the sale. Citi and Credit Suisse acted as joint bookrunners on the placing.


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