Clive Sinclair is now officially worth more than $200 million. The London placing of shares, announced at the launch of the Spectrum (T/S2000) has now been settled with a value of $204 million being put on Sinclair Research, of which his personal share is about 85 percent,
A number of unnamed financial institutions, believed to be about 30, have agreed to buy 400,000 shares at $34 each, which is a total of $20.4 million for 10 percent of the company. The sale was heavily oversubscribed.
The latest figures available show that in the year to March, 1982 Sinclair Research made a profit of almost about $20 million on sales of about $55 million. It is expected that profit for the year to March this year will rise to $25 million. (This is an estimate.)
It is believed the company would like a full stock market listing within the next year.
Most of the money raised will be used to finance work on the Sinclair electric car.