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IN BRIEF: Trustpilot reports rising revenue on

IN BRIEF: Trustpilot reports rising revenue on
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Trustpilot and Darktrace restore confidence in London tech stocks

Trustpilot and Darktrace restore confidence in London tech stocks | Financial News ....

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Trustpilot shares up 11% after pricing London float at top of range

Trustpilot shares up 11% after pricing London float at top of range
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Mon, 8th Mar 2021 10:23
(Alliance News) - Online review platform Trustpilot AS on Monday confirmed plans for a London Main Market float, eyeing an admission in late March .
The IPO will consist of a raise of USD50 million from new shares, which will be used by the company to pay off debt. The company has also secured commitments from investors including BlackRock Inc, FIL Investments International, Caledonia and Henderson Global Investors Ltd to raise a total of USD240 million. This would give Trustpilot an enterprise value of up to USD1.4 billion on admission.
The Copenhagen, Denmark-based company was founded in 2007 by Chief Executive Officer Peter Holten Muehlmann. It offers software-as-a-service applications that help businesses build trust in their products by means of independent customer reviews. The platform has hosted over 120 million reviews since starting out. ....

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Trustpilot eyes USD1.4 billion London float before March end

Trustpilot eyes USD1.4 billion London float before March end
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