An article about Ray Nolan (WRI, Hostelworld) about a potential €100m when they float on the stock exchange -- an Internet success story:
He's the Irish software millionaire most of us had never heard of. Just nine years after he and his partner Tom Kennedy founded WRI, Ray Nolan will end up with shares worth up to €100m when the online accommodation booking company floats on the stock exchange.
Nolan himself still has a near-25pc stake in WRI. If the company achieves its planned valuation of €450m in its forthcoming flotation, then Nolan's shareholding will be worth well in excess of €100m.