Online review platform Trustpilot gets a $ 1.5 billion valuation


Online review platform Trustpilot said it had priced its London IPO at 265 pence a share, giving it a market capitalization of 1.08 billion pounds ($ 1.49 billion).

The prices came at the end of the company’s indicative price range, which means that it raised a total of 473 million pounds through the sale of 161 million shares by the current shareholders of the company and the issuance of 17.6 million new shares.

Another 26.8 million shares are provided by some of the existing shareholders in the over-allotment option.

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


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