Moonpig shares hog London limelight after £1.2bn market debut

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The flotation marks the second listing of a household name in London this year, spurring confidence as others prepare for market.

Nickyl Raithatha, the company's chief executive, said ahead of the listing:"We are confident that Moonpig Group will continue to make gifting even more effortless for millions of people across the UK and internationally.

"As the leaders of a market undergoing an accelerating shift to online, now is the perfect time for us to bring the company to the public market, and we are excited about Moonpig's prospects for the future." PitchBook analyst, Dominick Mondesir, reflected:"'The short-term performance of the Moonpig IPO reflects equity investors' willingness to pay for growth, especially for tech-enabled assets.

 

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