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CORRECTED-Trustpilot aims for market cap of up to $1.5 bln in London IPO

CORRECTED-Trustpilot aims for market cap of up to $1.5 bln in London IPO

· 03/16/2021 03:20
CORRECTED-Trustpilot aims for market cap of up to $1.5 bln in London IPO

Corrects upper end of price range to 265 pence from 365 pence

- Online reviews platform Trustpilot has set a price range for its upcoming initial public offering in London of 250 pence to 365 pence per share, aiming for a market value of up to 1.084 billion pounds ($1.50 billion).

The company said it plans to sell around 47 million pounds of new stock and up to 387 million pounds in existing shares, to give it a free float of just under 50%.

($1 = 0.7223 pounds)


(Reporting by Rachel Armstrong, editing by Louise Heavens)

((rachel.armstrong@thomsonreuters.com; +44 207 5423365; Reuters Messaging: rachel.armstrong.thomsonreuters.com@reuters.net))