Car supermarket founder set to net £100m with firm’s flotation

MIDLANDS-based car supermarket is set to float on the main market of the London Stock Exchange, it has revealed this morning.

The deal, which will net co-founder of the firm David Sheldon £100m, will see shares start trading today at 200p a share - valuing the company at £200m.

Mark Carpenter, chief executive of Motorpoint, said: "This IPO represents a significant milestone in the Motorpoint journey and I am delighted to welcome our new shareholders to the register.

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