Trustpilot slumps after Northzone sells stake
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Trustpilot Group
195.00p
17:15 06/09/24
-1.22%
-2.40p
Berenberg said on Tuesday that it sold just over 5.17m shares in Trustpilot on behalf of shareholder Northzone in a placing.
FTSE 250
20,494.00
16:44 06/09/24
n/a
n/a
FTSE 350
4,510.61
16:44 06/09/24
n/a
n/a
FTSE All-Share
4,467.47
17:09 06/09/24
n/a
n/a
Software & Computer Services
2,413.45
16:44 06/09/24
-1.16%
-28.31
The shares, which represent 1.23% of the issued share capital, were sold at 157p each. Following completion of the placing, Northzone will not have anymore shares in the review website.
The placing was conducted through an accelerated bookbuild, with Berenberg the sole bookrunner.
Trustpilot will not receive any proceeds from the placing.
At 0810 GMT, the shares were down 3.2% at 160p.