Customer review website Trustpilot set to make market debut in London

Customer review website Trustpilot has priced its London stock market debut at 265p a share, giving the group a £1.08 billion valuation.

Trustpilot said it has London in its sights for a flotation

The pricing – at the top end of its indicative price range – meant it raised £473 million through the sale of around 161 million shares by existing shareholders and new shares being issued.

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Trustpilot said it has London in its sights for a flotation, which will raise around 50 million US dollars (£36 million) to help fund growth.

The company, which allows customers to leave reviews on businesses, will have around quarter of its shares in circulation after the float.