Mooonpig slides after £80m share placing
By Michele Maatouk
Date: Friday 27 May 2022
(Sharecast News) - Moonpig tumbled on Friday after various shareholders sold around £80m worth of shares in the online greeting cards and gift retailer in a placing.
According to terms seen by Bloomberg, the selling shareholders were Exponent Private Equity LLP, LCP VIII Holdings, Strategic Partners VII Investments, LGT Capital Partners, GoldPoint Partners, K Athena Investments No 40 Limited Company, Storebrand International Private Equity and Aberdeen Standard Investments.
The shares were placed 250p each, which is a discount of around 8.2% to the closing share price on Thursday.
According to Bloomberg, Citi, JPMorgan and Peel Hunt were bookrunners.
At 0810 BST, the shares were down 8.2% at 250p.
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