Online personalised greetings card and gifts specialist Moonpig has confirmed that it is to seek a stock market flotation. The business generated revenue of £173m for the year to April 2020, reaching £156m for the six months to October 2020, no doubt receiving a boost from the impact that Covid-19 has had on high street competitors which were forced to close during lockdowns. It is suggested that Moonpig and its private equity investors are targeting a value of more than £1bn.
“Nicky Raithatha of Moonpig said: “As the leaders of the accelerating shift to online, now is the perfect time for us to bring the company to the public market.”
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