Hostelworld boss Mooney lands €2m IPO windfall

No war chest for the firm, but Mooney says it won’t need one for the forseeable future

Barry J Whyte

Chief Feature Writer @whytebarry
1st November, 2015
Feargal Mooney, chief executive of Hostelworld Maura Hickey

Feargal Mooney, chief executive of the newly-public company Hostelworld, has plenty of reasons to smile. Not only is the share price surging, and his share register a roster of star investors, but he’s sitting on a personal post-IPO windfall of more than €2 million.

The company floated on the London Stock Exchange last week, raising €183 million. Unlike most stock exchange IPOs, which generate a hefty war chest of funds for the company,...

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