5th Feb 2021 19:11
Moonpig Group PLC - online greeting card retailer - JPMorgan Securities exercises over-allotment option for Moonpig IPO. JPMorgan allots 14.0 million shares at 350 pence, meaning Moonpig's total offer size was 154.4 million shares.
Moonpig shares began trading in London on Tuesday, with the online greeting card retailer sizing up inclusion in the FTSE 250 index. Moonpig priced its initial public offering at 350p per share, issuing 5.7 million new shares, raising GBP20 million, with existing investors selling 134.6 million shares. It meant the total offer size was GBP491.2 million.
Immediately following admission, the company said it would have market capitalisation of around GBP1.2 billion.
Current stock price: 423.85 pence
By Paul McGowan; [email protected]
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