The founders of UK fund manager Hargreaves Lansdown have had their stake in the company valued at over £400m (€586m) after the company's shares were priced at the top of their range.

Peter Hargreaves, Hargreaves Lansdown's chief executive, and Stephen Lansdown, chairman, who founded the business 26 years ago and together hold a 60% stake following the listing, had their stake valued at £455m after the shares were priced at the top of a 140p to 160p range.