Moonpig eyes valuation of over £1 billion in London IPO

Moonpig eyes valuation of over £1 billion in London IPO


Updated / Tuesday, 26 Jan 2021
12:20
Moonpig is pricing its shares at a range of 310 pence to 350 pence in order to raise between £386-422m
Online greetings card retailer Moonpig Group plans to raise up to £422m from an initial public offering its bookrunner said today, in a deal that would value it at as much as £1.2 billion. 
The company is pricing its shares at a range of 310 pence to 350 pence in order to raise between £386-422m, the figures flagged by the company when it confirmed plans to list in January. 
The London listing is the latest in a flurry to hit the European market since the turn of the year, spurred on by a buoyant stock market and strong demand from investors, including file-sharing firm WeTransfer and shoe maker Dr Martens. 

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