Mooonpig slides after £80m share placing

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.