Trustpilot slumps after Northzone sells 13m shares

Trustpilot slid on Wednesday after venture capital fund Northzone sold 13m shares in the company in a placing.

The shares, which represent a stake of around 3.1%, were placed at 103p each.

The placing was conducted through an accelerated bookbuild with Berenberg acting as sole bookrunner.

Following completion, Northzone will hold just under 5.2m shares in Trustpilot.

At 1105 BST, the shares were down 7% at 102.30p.