Online review platform Trustpilot gets $1.5 billion valuation in London IPO
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LONDON (Reuters) – Online reviews platform Trustpilot said on Tuesday it had priced its initial public offering in London at 265 pence per share, giving it a market capitalisation of 1.08
billion pounds ($1.49 billion).
The pricing came in at the top end of the firm’s indicative price range, meaning it’s raised a total of 473 million pounds through the sale of 161 million shares by the company’s existing
shareholders and issuance of 17.6 million new shares.
A further 26.8 million shares is being made available by some existing shareholders in an over-allotment option.
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