Moonpig the online greeting card business soared above its £1.2billion IPO value on its first day of trading, conditional trading opened around 30% higher at £4.40 compared to the IPO price of £3.50.   This is a real success story and follows on from the positive trading in Dr Martens the bookmaker which also joined the market last week.
In today's podcast Adrian Lawrence our in house financial expert talks about how the company is now likely to join the FTSE 250 and that it is likely to see increased competition as more and more traditional retailers are moving online and raising their game to offset the decline in high street sales particularly following the recent lockdowns.
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