Moonping the online greeting card business is celebrating today as their IPO soared above its launch price of £3.50 in early trading it reached £4.40 a rise of more than 30%, its price drifted off those highs.
This is a great news story the company was sold by its founder in 2011 for £110m and has now risen in value to be worth more than £1.2billion. It is likely to join the FTSE 250 index as a result.
There are challenges ahead as the lockdown has driven more and more high street retailers to turn up their internet marketing strategies.
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