Fancy a personalised gift card? Or a miniature Christmas tree that fits through the letterbox? Look no further than the online retailer Moonpig.
The FTSE 250 company, which was founded just over 20 years ago selling greeting cards online, has grown into a retail giant that pulled in more than 50 million orders in its last financial year.
Moonpig floated in February, bounding onto the market at a £1.2 billion valuation. Investors were enthused by the “Covid winner”, which enjoyed soaring sales in lockdown. At the end of the first day of trading, the company was valued at almost £1.5 billion.
However, while the stock rose to a peak of 488p in June, it has since drifted, closing on Friday at 325p, valuing Moonpig at