Nscale listing could value Nick Clegg's stake at about $42m

single source· 1 articles · confidence: low · first seen 2026-09-22 14:57 UTC

What this means for you

Nothing to act on unless you are on Nscale's cap table. The $35bn figure is a reported target, not a filing — no prospectus, price range or date exists yet. Treat the valuation as unconfirmed until documents appear.

Nscale, a UK datacentre company, is preparing to list on a US stock market and is reportedly seeking a valuation of up to $35bn. Board member Nick Clegg, the former UK deputy prime minister, owns just over 917,000 shares, a 0.12% stake that at that valuation would be worth roughly $42m — about £30m, according to the Guardian. The valuation is reported rather than filed: no prospectus, listing date or price range has been published. The Guardian is the only source here for the figures.

Key facts

  • ·Nscale is a UK-based datacentre company preparing for a US stock market listing. source
  • ·Nick Clegg, a former UK deputy prime minister, is a board member of Nscale. source
  • ·Clegg owns more than 917,000 shares in Nscale, a 0.12% stake. source
  • ·Nscale is reportedly seeking a valuation of up to $35bn in the flotation. source
  • ·At that valuation Clegg's stake would be worth about $42m, which the Guardian puts at roughly £30m. source

What the sources say

  • The Guardian AI — Uses a shareholding disclosure to price a board member's stake ahead of a reported US listing.

Sources

The original reporting. Follow these — they did the work.

← the wire