IPOs

Moonpig shares soar on London IPO

Shares were priced at 350p each; the stock traded at around 426p on its debut, with a high of 440p by 9:30am

Moonpig has benefitted from lockdowns as card shops closed and consumers looked online to send greeting cards
Moonpig has benefitted from lockdowns as card shops closed and consumers looked online to send greeting cards Photo: Alamy

Online greeting card company Moonpig saw its shares surge as conditional dealing in its £1.2bn flotation kicked off in London.

The company priced its initial public offering (IPO) at 350p per share, but the stock immediately took off to at around 426p with a high of 440p by 9:30am GMT.

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