Online Greeting Card Retailer Moonpig Plans London Listing
- Firm has gained from online shopping surge during the pandemic
- Listing contributes to resurgence in London’s IPO market
This article is for subscribers only.
Moonpig Group Plc said it intends to list in London, buoyed by an acceleration in online shopping amid the coronavirus pandemic.
The deal is expected to value the virtual greeting card and gifting platform at more than 1 billion pounds ($1.4 billion), according to people familiar with the transaction. The company's announcement adds to a resurgence in London’s initial public offerings, which are seeing the strongest start to a year since 2008 after a Brexit agreement cleared uncertainty for domestic firms.