UK Affiliate Site IPO’s on July 31st for $1.9 Billion.
Thought that sites just stuffed full of ads serving no purpose couldn’t make money? Think again Moneysupermarket.com is going to IPO for a cool $1.9 Billion.
Would this be the biggest success in the UK for a pure play internet company ?
http://www.forbes.com/feeds/ap/2007/07/11/ap3902313.html
The CEO owns 85% of the stock making him a billionaire.
July 12, 2007 at 9:22 am
So all you have to do Markus is to invest several MM’s a year on advertising on US/Can/UK TV stations and you can become future Canadian BB.. ;D
July 12, 2007 at 8:41 pm
[...] pointed this out at his blog — The Times Online reports, “Price comparison site has set the top end of its flotation [...]
July 13, 2007 at 3:23 am
Mayo,
Look at that site. They are in the highest margin niches on the internet. Astounding to have a huge site in all the top paying niches. This sounds like it could be one of the most profitable sites on a large scale ever.
July 13, 2007 at 3:47 am
are you kidding me? that site seems like one of the most useless sites ever, ofcourse i am horribly wrong…$1.9 billion how marcus how!
July 13, 2007 at 7:32 am
If you could monetise every match you made on POF then you too might be worth $1.9b.
July 15, 2007 at 12:01 pm
moneysupermarket makes most of its money through commission from the mortgage companies and the banks… this is why its IPO’ing for a lot.
July 18, 2007 at 5:11 pm
Wow, that is a great story of success! thanks for sharing.