Online greetings card firm reports a record Christmas with profits up 137% to £33m for the year

Online greetings card and gift retailer Moonpig is planning a £1bn stock market flotation, after the coronavirus pandemic sent its sales and profits soaring.

Moonpig Group, owned since 2016 by private equity firm Exponent, could announce its intention to list as early as next week. The company, which also trades as Greetz in the Netherlands, is believed to be targeting a valuation in excess of £1bn. Moonpig declined to comment on the planned initial public offering, first reported by Sky News.

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