Moneysupermarket on Wednesday priced this month’s planned share offering at between 170p and 210p, raising £388m at the mid-point of that range and valuing the entire share capital of the price comparison website at just under £1bn.

The company plans to sell about 40 per cent of its shares to pay off debt and release capital for its senior management team, which includes Simon Nixon, a co-founder of the website, which was founded in 1999.