On-line greetings card firm Moonpig has filed an intention to drift in London, which values the corporate at £1.2bn.
The corporate confirmed its intention to drift on 19 January and mentioned it aimed for a February admission of shares to the London Inventory Alternate’s major market.
READ Bankers could haul in $112m in fees from Deliveroo’s massive IPO
Moonpig’s main supply of latest shares is anticipated to lift round £20m. There’s additionally a secondary providing of shares to be bought by current shareholders with a free float of no less than 25% of Moonpig’s share capital anticipated at admission.
Moonpig Group has appointed Citigroup International Markets Restricted and JPMorgan Securities as joint world co-ordinators, and HSBC Financial institution, Jefferies Worldwide and Numis Securities as joint bookrunners.
Funds and accounts managed by BlackRock and Dragoneer International Fund II have entered into cornerstone agreements with the corporate to subscribe for £130m of supply shares, representing an fairness worth of £1.2bn for Moonpig.
The dedication will include £80m from BlackRock and £50m from Dragoneer.
Nickyl Raithatha, chief govt officer of Moonpig, mentioned: “Because the market-leading platform, with a robust monitor file, and an enormous alternative to develop, we’re assured about our resolution to turn out to be a publicly-traded enterprise.”
READ Bankers see ‘Darwinian’ merger frenzy next year after raking in the most fees since 2007
To contact the writer of this story with suggestions or information, electronic mail James Booth
Source link
