I'm very interested in buying shares of the above company when it floats.
What will be the best way to purchase shares to a value of circa 100k.
I have an interactive investor account but just wondering what people's thoughts are?
Thanks
Jon
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I'm very interested in buying shares of the above company when it floats.
What will be the best way to purchase shares to a value of circa 100k.
I have an interactive investor account but just wondering what people's thoughts are?
Thanks
Jon
Its very difficult for private investors to buy at the initial IPO unless they use a service like "PrimaryBid" to attract private investors or have some other mechanism by which you could participate.
You can of course buy in on the first day its released to the market but by then a lot of the action has already happened and you are buying in after the initial big gains have already happened and there is a lot of risk of price volatility.
You will probably have to do some research and see if there is a way to participate as a private investor but if you really want to commit that much capital then you have a better chance of getting an "in" than if you were investing 10k.
You could speak to ii and see what they can offer but I am not aware of them being able to help you participate in the IPO.
Good luck though!
Moonpig is being floated by Citi and JPMorgan. HSBC, Jefferies and Numis are joint bookrunners.
I don't see them listed on PrimaryBid or Freedom24 but you might want to keep an eye on those 2 sites at least.
Sorry to be cynical but this IPO smacks of a typical private equity shark opportunistically unloading a company (probably with an unhealthy dollop of debt) into a toppy market that's currently clamouring for online businesses. Moonpig has been around for ages and most likely does not need any capital so this is simply about the owner wanting out before the competition (e.g. card factory) can bounce back post lockdown.
Well, maybe, but even so, as private investors in public equity it's in the long run better for us that private companies do list so we can buy them, even if not immediately. Even if it's overpriced at IPO (I have no opinion), at some point Moonpig may become interesting as a public company. I've seen the odd Moonpig pink box arrive at the house over the years, so I'm happy to see that I can now at least have the option of participating in them as a public company in the near future.