Business

Customer review website Trustpilot set to make market debut in London

Customer review website Trustpilot set to make market debut in London

Customer review website Trustpilot has priced its London stock market debut at 265p a share, giving the group a £1.08 billion valuation.

Trustpilot said it has London in its sights for a flotation

The pricing – at the top end of its indicative price range – meant it raised £473 million through the sale of around 161 million shares by existing shareholders and new shares being issued.

Trustpilot said it has London in its sights for a flotation, which will raise around 50 million US dollars (£36 million) to help fund growth.

The company, which allows customers to leave reviews on businesses, will have around quarter of its shares in circulation after the float.

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