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by David Prior
Online greetings card company Moonpig is planning a £1bn stock market flotation after its sales surged during lockdown.
Exponent Private Equity, which has owned the business since 2016 after acquiring its parent business Photobox, is expected to announce in the coming days that it will pursue an initial public offering in London, according to Sky News.
Moonpig was founded 20 years ago by Nick Jenkins, who sold out for £100m in 2011.
Two years ago it opened a tech hub in Spinningfields in Manchester, creating 50 tech jobs, in a project led by chief technology officer Peter Donlon. Mark Evans leads the team in Manchester as engineering director.