Could Moonpig Float Mean An Opportunity Is On The Cards?

  • on February 2, 2021

Online greetings carte and gift retailer Moonpig could become world with a stock market IPO following a spate of thriving trading during the COVID-nineteen Pandemic.

Moonpig Group has been owned past individual equity house Exponent since 2016. It has been reported by Sky News that the business firm is inwards early on-stage talks alongside investment banks well-nigh a possible stock market flotation.

Million Customers Added

The firm, which sells customisable greetings cards in addition to other gifts online, claims that it added over a meg novel customers during Apr as well as May of this twelvemonth. It as well claims that it was ‘the United Kingdom of Great Britain and Northern Ireland’s leading shopping app over the summertime period’.

Moonpig’sec performance contrasts with that of high-street rivals such as The Card Factory too Clintons, which have struggled during the coronavirus crisis alongside depression sales together with a lack of footfall to their stores, peculiarly during the tightest periods of lockdown.

Moonpig’s fiscal operation has sure been impressive. It’s seen sales of £172.8 one thousand thousand inward 2020, a figure that’s upward by 44 per cent on the previous year. Pre-revenue enhancement net is as well upwards by a salubrious 137 per cent, at £33 1000000.

Sustained Growth?

The question for potential investors is, of form, whether or not the Moonpig Group tin can sustain this type of increment and profitability over the longer term – be it during a moment period of lockdown, or afterwards restrictions on our daily lives are lifted.

But the fact that Kate Swann is currently at the helm of the firm volition pass investors confidence – she helped transform the fortunes of an ailing WH Smith during her fourth dimension equally Chief Executive at that place.

All this is and then much speculation at the minute, of form, in addition to Moonpig Group is peachy to play downwards the significance of its discussions with investment bankers for the moment. “As a high-growth companionship,” a spokesperson has said, “nosotros constantly evaluate our funding options, together with regularly come across amongst advisers on this subject area.”

Whether or not Moonpig goes ahead amongst an IPO, the trend it highlights is clear: businesses that are able to react amongst agility to changing market place atmospheric condition, unencumbered by bricks-together with-mortar running costs, can thrive.

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