Trustpilot shares tumble after placing
Trustpilot Group
303.00p
16:34 03/01/25
1.34%
4.00p
Trustpilot tumbled on Wednesday after shareholders placed around 41 million shares, or a 10% stake, in the online review company.
FTSE 250
20,591.40
17:00 03/01/25
n/a
n/a
FTSE 350
4,534.15
16:54 03/01/25
n/a
n/a
FTSE All-Share
4,490.88
17:14 03/01/25
n/a
n/a
Software & Computer Services
2,629.32
16:54 03/01/25
-0.05%
-1.40
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.