Nickyl Raithatha, chief executive of Moonpig, insisted that 2020 was not a one-off success for the online businessThe online greetings card retailer Moonpig has announced plans for a bumper £1 billion-plus stock exchange listing after its sales boomed during the pandemic. The move comes a day after the bootmaker Dr Martens announced its plans for a flotation amid a resurgence of initial public offerings as companies that have grown during the crisis seek to make the most of their rare status. SponsoredMoonpig has had a record year because people were unable to shop at high street stores in the run up to Christmas because of coronavirus and people sent more gifts to loved ones while restrictions kept them apart. Sales grew by 44 per cent to £173.1 million in the year to April 30 while earnings before interest, tax depreciation and amortisation

Source: The Times January 12, 2021 12:00 UTC