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Reuters
Reuters
Business

Trustpilot's shares rise in London debut

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.

The shares are due to start trading at 0800 GMT on Tuesday.

($1 = 0.7224 pounds)

(Reporting by Carolyn Cohn; Editing by Rachel Armstrong)

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