Moonpig eyes float after strong lockdown trading

By Hugh Radojev2021-01-12T07:29:00

Moonpig’s mooted £1bn float on the London Stock Exchange is set for liftoff after the pureplay announced its intention to publish a registration document today.

The gift card specialist announced its intention to float this morning, with a valuation of two times EBITDA, and said it had brought onboard banks Citigroup and JP Morgan to list the business.

According to its most recent results, the retailer’s revenues in the year to April 2020 — a period that included over a month of lockdown in the UK — reached £173m and an EBITDA of £44m.

The retailer said it was considering the float to “further raise the profile of the company” as well as “provide it with a platform for continued growth”.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Two free article views per calendar month on Retail-Week.com
Detailed analysis of current trends and events
Exclusive newsletters
In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.