Moneysupermarket founder raises $216 million in share sale

LONDON, March 18 Tue Mar 18, 2014 4:09am EDT

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LONDON, March 18 (Reuters) - The founder of has earned gross proceeds of 129.5 million pounds ($215.6 million) through a sale of shares in the company, Credit Suisse said on Tuesday.

Simon Nixon sold 70 million existing shares at 185 pence a share, representing 12.9 percent of the company's issued share capital. The sale was increased from 55 million shares in response to strong demand.