THE bosses of streetwear fashion firm SuperGroup were in line for a £105 million payday today after its share offering priced the firm at £395 million.

SuperGroup - whose designs have been worn by stars such as David Beckham - is floating nearly a third of the firm to allow directors to gain a return on their investment as well as raise £15 million to fund growth.

Chief executive and founder Julian Dunkerton will gain the lion’s share of the payout, although partners James Holder and Theo Karpathios will also benefit.

Mr Dunkerton’s stake will be reduced from 53% to 30% as a result of the move - valuing his share of the business at £118 million.

Educational whiteboards firm Promethean also confirmed a launch price today which values the business at around £400 million.

The group is selling 46.4% of the firm through the issue of new shares as well as private equity firm Apax selling its 25% stake.

The move will leave 10.4% of shares in the hands of senior directors although staff at its headquarters in Blackburn will learn next week the scale of their own windfall.

Staff are likely to gain shares ranging from hundreds of pounds in value to several thousands depending on length of service, with cash payouts for its Chinese workforce.