Sir Nick Clegg Could Earn Up To £30m From Nscale AI Company IPO
Former UK Deputy Prime Minister Sir Nick Clegg is set to benefit significantly from the upcoming Wall Street flotation of British data center company Nscale. He owns over 917,460 shares in the firm, representing approximately 0.12% ownership. If Nscale achieves its rumored $35bn valuation during its IPO on the New York Stock Exchange, his stake could be worth up to $42m (around £30m). The company is backed by Nvidia and has seen rapid growth despite being heavily loss-making in recent periods. Nscale reported a $1bn loss for the first half of 2026 but recorded revenue of $140.6 million, up more than tenfold compared to the same period last year. The company is capitalizing on surging demand from AI firms like Microsoft and Anthropic. Sir Nick joined Nscale's board in March alongside former Meta executive Sheryl Sandberg. The IPO will include a retail offer for UK investors, allowing them access at the same price as institutional buyers.
Topics: ai executive compensation stock valuation tech industry