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Moonpig Soars After $672 Million IPO Amid Online Retail Boom
Bloomberg
2/2/2021
Swetha Gopinath
© Bloomberg
A Moonpig logo on a mobile phone arranged in London, U.K., on Thursday, Jan. 21, 2021. Moonpig Group Plc said it intends to list in London, buoyed by an acceleration in online shopping amid the coronavirus pandemic.
(Bloomberg) Moonpig Group Plc soared in its London trading debut after the online greeting-card company and its shareholders raised 491 million pounds ($672 million) in an initial public offering, tapping investor demand for businesses benefiting from coronavirus-related lockdowns.
The shares closed at 410 pence, 17% above the IPO price of 350 pence, after rising to as high as 450 pence. ....

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