Online card retailer Moonpig has debuted on the London Stock Exchange (LSE) with shares jumping 25% within minutes of pricing its initial public offering (IPO).
The company floated with a share price of 350p ($4.79) but the stock surged to 440p. Moonpig placed £491.2 million of shares on the market, around 41% of the group, raising gross proceeds of £20 million. The listing price valued the company at around £1.2. billion.
Moonpig is the second-largest listing in the U.K. this year and the first U.K. tech IPO.
Meanwhile, Dr Martens shares jumped 14%, making its stock market debut on the LSE at 370p a share, giving it a valuation of £3.7. billion at the top end of its range after keen investor demand.
Here is how you can buy shares
Those interested to buy shares through the Moneybase Invest platform can do so by downloading the app through the App Store or Google Play or by accessing the trading platform.
The Moonpig stock can be found under the ticker symbol MOON, while Dr Martens stock under DOCS.
We remain at your disposal for further assistance. You may get in touch with us on +356 25 688 688 or via live chat through the Moneybase Invest app.
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