Moonpig slumps as investors offload 35m shares in placing.
Moonpig slumped on Thursday after a group of investors sold 35m shares in the company in a placing via Citi, JPMorgan and Jefferies, raising proceeds of approximately £61m.
Moonpig Group
11 July 2024 08:35:57
Source: Sharecast
According to terms seen by Bloomberg, Exponent Private Equity, Lexington Partners, Blackstone Group, LGT Capital Partners, GoldPoint, Kaust Investment Management Co, Storebrand International Private Equity & Patria Investments were all involved in the sale.
The sale represents around 10.2% of Moonpig’s issued share capital and the sale price of 175p is a discount of 13.4% to the closing share price on Wednesday.
At 0835 BST, the shares were down 6.2% at 189.00p.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
