Evening Standard

Get ready to rouble

- Jim Armitage more at standard.co.uk

‘Russian Poundland’ Fix Price eyes London listing with $8.3bn valuation

ONE of the top “rainmaker” bankers at Goldman Sachs is set to make big personal profits from the mooted $8 billion dollar stock market flotation of online car dealer Cazoo, which Goldman is advising on.

Anthony Gutman invested in early stage fundraisin­g rounds last year.

Some London fund managers expressed concerns of a conflict of interest in Goldman’s selection as one of the key banks advising on the float. Goldman and Gutman, right, declined to comment but sources at the bank said he was not involved with its selection as an IPO adviser. All Goldman

Sachs partners’ private investment­s have to be vetted and approved by the company.

Subsequent rounds of financing make it impossible for outsiders to gauge how much Gutman’s

stake may now be worth, but he was one of notably few named individual investors in the early fundraiser­s. Filings for Cazoo Limited from 2020 show he owned 75,000 series A shares and 29,412 series B shares.

That was dwarfed by founder Alex Chesterman’s two million series A shares and 60 million Ordinary shares at the time, but could be worth a small fortune if the IPO valuation proves as huge as the company hopes.

 ??  ??

Newspapers in English

Newspapers from United Kingdom