Online review platform Trustpilot is going public today, Tuesday March 23, debuting on the London Stock Exchange (LSE) under ticker symbol TRST.
Valued at £1.08 billion ($1.49 billion), the company is launching 161 million shares offered at a potential price range of 256p per share.
Founded in Denmark in 2007 by the company’s current CEO, Peter Holten Mühlmann, Trustpilot is a consumer review website which hosts reviews of businesses worldwide and it relies on users, software and compliance team to report and remove reviews from the platform that violate the company’s content guidelines.
Employing more than 700 people and with offices in New York, Denver, London, Copenhagen, Vilnius, Berlin and Melbourne, Trustpilot has hosted more than 120 million reviews for more than 529,000 websites belonging to businesses in more than 100 countries and territories.
For the third quarter of 2020, the company announced that it had surpassed $100 million in annual recurring revenue (ARR).
Here is how you can buy shares
The stock can be found under the ticker symbol TRST.
We remain at your disposal for further assistance. You may get in touch with us on +356 25 688 688 or via live chat through the CCTrader app.
CCTrader is brought to you by Calamatta Cuschieri Investment Services Ltd licensed by the MFSA under the Investment Services Act.
Aimed at investors having the knowledge and experience to undertake execution only investments without any protection under business conduct rules. The value of investments may go down as well as up. Past performance is not a guide to future performance.