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Nick Clegg could make £30m windfall from datacentre startup Nscale flotation

The Guardian Tech Tuesday 22 September 2026, 14:57 UTC By Dan Milmo Global technology editor 1 min read
Key Points

The former UK deputy prime minister is a board member of the UK-based company and owns 917,000 sharesNick Clegg could make approximately $40m (£30m) 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 $35bn in a flotation. Based on Clegg’s stake of 0.12%, that could yield a valuation of about $42m for the...

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 $40m (£30m) 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 $35bn in a flotation. Based on Clegg’s stake of 0.12%, that could yield a valuation of about $42m for the ex-Liberal Democrat party leader.

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Nick Clegg (PERSON) Nscale (ORG) UK (LOCATION) Clegg (PERSON) US (LOCATION) Democrat (ORG)
Originally published by The Guardian Tech Read original →

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