UKBased Moonpig London 491M is an online greeting card company that recently made its debut on the stock market. The company collects data about its customers to remind them of their birthdays. This is the first time that an Internet greeting card company has hit the stock market.
Online Greeting Card Company
An online greeting card company based in London is planning an IPO. They are reportedly aiming to get a freefloat of at least 25 percent. This could value the company at more than a billion dollars. The IPO is expected to be held in the second half of this year. It will add to the resurgence in London IPOs.
UKBased Moonpig London 491M Group Plc has a business model that includes selling personalised greeting cards and flower bouquets. Their headquarters are in London, but the company operates in the Netherlands under the name Greetz.
Gem Fairies
One of the more popular cards from their collection is the Gem Fairies. These cards are aimed at little girls.
Another interesting item is their 3D pop up card. They make a lot of copies of these designs, and sell them to customers all over the world.
Catalogue
There are other products in their catalogue, such as their personalised children’s books. The company also aims to deliver cards to 32 different countries.
Their website features a wide variety of premium and personalised greeting cards, as well as partyware and party invitations. They also stock a selection of gifts and stationery from Selfridges, House of Fraser and John Lewis.
Aside from the online cards, the company also sells an impressive assortment of gift baskets. You can also order balloons and personalised photo gifts to be delivered for upcoming events.
Local Brews
A tad OTT, it piqued my curiosity. However, there is a tad too much red hot in my wallet for me to risk the rest of my teetery. To the rescue: the good folks at a local microbrewery. Hence, I recommend the local brews and the better part of town! Afterwards, I am off to a big round of golf with the best of the bunch! After which, I will show off my new sexs and a round of golf. oh, wait, teetery! Well, ah oh, I’m off to a big round of golf with my new sexs and a big round of golf with the best part of town!
Stock Market Debut
UKBased Moonpig London 491M is an online greeting cards retailer. They use data to remind their customers when it’s their birthday. And they are hoping their new technology-based platform will fuel growth. Their recent IPO in the UK is a prime example of this.
The company sold 46 million cards in 12 months up to October 2020. Their profits rose 137% to PS33m. This was largely driven by a mobile app. However, Moonpig warned investors in its registration document that they might face stiffer competition as brick-and-mortar stores shift to online sales.
TransferWise and Trustpilot
The Moonpig IPO was the second largest in London this year. Aside from Moonpig, other tech companies are expected to list on the London Stock Exchange this year, including Darktrace, TransferWise and Trustpilot.
There is also a strong pipeline of retail IPOs. One example is Auto1, which is on track for a listing this year. Another is the Dutch-founded code sharing platform Bitbucket, owned by Atlassian.
Final Words:
Moonpig’s IPO is also indicative of investor appetite for tech-enabled assets. After its successful London IPO in February, the company plans to float at least a quarter of its shares on the main market.
During the pandemic, the company recorded remarkable sales. Moonpig has 60% market share in the UK. It’s also one of the top three online card players.
