Former deputy prime minister Nick Clegg could receive a multi-million‑pound windfall if Nscale, the UK datacentre group where he sits on the board, completes a planned listing on a US stock exchange at the valuation the company has been reported to be seeking.
Clegg is listed as holding more than 917,000 shares in Nscale. Media reports say the company is aiming for a valuation of as much as $35 billion in its flotation; at that level a 0.12% stake would be worth roughly $42 million, broadly in line with estimates that his holding could realise about $40 million (£30 million).
The precise sum Clegg might receive will depend on the final terms of any transaction, including the valuation agreed with investors, the structure of the listing and whether he chose to sell shares at the time of the float. The company is UK‑based but has reportedly been pursuing a US market listing, where pricing and investor appetite will influence the outcome.
Nscale has drawn attention for its rapid growth in the datacentre sector and for the high valuations being discussed. Any potential gains to individual shareholders, including political figures with board roles, tend to prompt public scrutiny, but the timing and details of the flotation remain subject to market conditions and the company’s decision-making.