Trustpilot shares tumble after placing

Trustpilot tumbled on Wednesday after shareholders placed around 41 million shares, or a 10% stake, in the online review company.

According to Bloomberg, holders Draper Esprit, Index Ventures, Northzone, Seed Capital, Sunley House Capital Management and Vitruvian Partners placed the shares.

JPMorgan, Morgan Stanley, Berenberg and Danske Bank were the bookrunners and the shares were placed at around 345p.

At 0910 BST, the shares were down 9.1% at 344p.