16th Jul 2024 11:57
Trustpilot Group PLC - Copenhagen-based consumer reviews platform - Vitruvian Partners LLP sells 12.5 million shares in Trustpilot, a 3.0% stake, in a placing. The sale at 220 pence is worth GBP27.5 million. It is conducted as an accelerated bookbuild by Berenberg and was first announced after the London market close on Monday. Vitruvian continues to hold 9.5 million shares in Trustpilot, which receives no proceeds from the sale as it is of existing shares.
Current stock price: 220.00 pence, down 6.2% in London on Tuesday for GBP912.0 million market capitalisation
12-month change: more than doubled from 75.80p
By Tom Waite, Alliance News editor
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