Moonpig gets early IPO momentum with cornerstones

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By Sam Kerr
19 Jan 2021

Moonpig, the online greetings card company, has started its IPO process with a boost, announcing two big cornerstone orders at the beginning of investor education. Meanwhle, Dr Martens, the UK bootmaker, has published its intention to float on the London Stock Exchange without cornerstones, but sources say that either cornerstones or anchors are a strong possibility on that deal.

Moonpig said on Tuesday that it had agreement from two investors worth £130m up to a valuation of £1.2bn at admission to the London Stock Exchange.

BlackRock has subscribed for £80m worth of shares and Dragoneer for up to £50m. GlobalCapital understands that the ability to hold a ...

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