Greeting cards company Moonpig plans London listing By Reuters

LONDON (Reuters) – Online greetings card company Moonpig is planning a London stock market listing, it said on Tuesday.

The company, which operates in Britain as Moonpig and in the Netherlands as Greetz, is targeting net debt of two times earnings before interest, taxes, depreciation and amortisation (EBITDA), it said in a statement.

Moonpig, which is backed by a slew of private equity firms, is expected to target a free float of at least 25% and has lined up several big name investment banks to handle its share offering, including Citi, JP Morgan, HSBC, Numis and Jefferies.