Moonpig considers IPO after strong lockdown sales

Moonpig is exploring the idea of floating on the London Stock Exchange.

According to Sky News, the online greeting cards retailer is in talks with investment banks and looking into a public listing.

The privately-owned company is said to be in the early stages of talks.

Moonpig has grown over the pandemic and the group said that over lockdown it added an additional one million customers.

Sales this year have surged 44% this year to £172.8m whilst pre-tax profit has surged 137% to £33m.

“As a high growth company we constantly evaluate our funding options, and regularly meet with advisers on this subject,” said a spokesperson.

Moonpig’s boss is Kate Swann, who has previously led WH Smith and SSP Group.

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Safiya focuses on business and political stories for UK Investor Magazine. Her interests include international development, travel and politics.