London Gets Its First Europe IPO This Year With Trustpilot
- Danish company is said to seek 1 billion-pound valuation
- Deal shows London can still draw European IPOs after Brexit
Source: Trustpilot
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Trustpilot, a Denmark-based online platform for consumer reviews, plans an initial public offering in London, boosting the city’s image as a hotspot for listings in Europe.
At least 25% of its shares will be available for trading and the company expects to be eligible for FTSE U.K. indexes, it said in a statement Monday. The IPO would raise about $50 million to fund growth and repay debt, and allow existing shareholders to sell shares. Trustpilot is seeking a valuation of around 1 billion pounds ($1.4 billion) in the IPO, according to two people familiar with the matter, who asked not to be identified discussing private information.