A major reason for the £1bn flotation of Moneysupermarket.com on the London Stock Exchange is to boost the recruitment and retention of staff, it has been revealed.
The UK’s leading financial price comparison website announced at the end of last week that it intended to become a listed company this summer.
All employees will be offered £3,000 of shares, and a spokeswoman for the company told Personnel Today: “Indeed, one of the core reasons for the floatation is to be able to offer the employee share schemes in respect of listed securities.
“This will not only allow staff to enjoy the success of the business, but will help to attract and retain employees.”
Moneysupermarket.com gets revenue from service providers when its price comparison website directs a user to their site, and advertisers.
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Simon Nixon, who co-founded the website 14 years ago, is expected to pocket £200m from the flotation.
