YouGov plans £18m float
Polling company YouGov will float on the stock market later this month for £18 million.
The company, which is known for its political polls, plans to raise £3 million of new money and expects profits of around £1 million this year.
Founders Nadim Zahawi and Stephan Shakespeare intend to cash in nearly £2.5 million worth of their shareholding but will retain 50 per cent of the business
Peter Kellner, YouGov’s chairman will sell part of his six per cent stake in the business netting £300,000, while BBC presenter John Humphries will make a paper profit of £270,000 from his 200,000 shares.
YouGov will be listed on the Alternative Investment Market, with an IPO of 135p a share.
