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CORRECTED-Trustpilot aims for market cap of up to $1.5 bln in London IPO

Published 2021-03-16, 03:20 a/m
© Reuters.

(Corrects upper end of price range to 265 pence from 365 pence)

LONDON, March 16 (Reuters) - Online reviews platform Trustpilot has set a price range for its upcoming initial public offering in London of 250 pence to 265 pence per share, aiming for a market value of up to 1.084 billion pounds ($1.50 billion).

The company said it plans to sell around 47 million pounds of new stock and up to 387 million pounds in existing shares, to give it a free float of just under 50%. ($1 = 0.7223 pounds)

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