Online greetings card retailer Moonpig Group has today confirmed plans for its £1.2 billion London listing, targeting a free float of at least 25% of its issued share capital at admission.
The offer is one of several IPO plans recently unveiled by a slew of companies seeking to cash in on rising investor interest in UK equities.
It will be comprised of a secondary offer of existing shares and a primary offer of new shares.
Funds and accounts managed by BlackRock and Dragoneer Global Fund II have each entered into cornerstone agreements with Moonpig to subscribe for £80m and £50m of shares respectively.
