Copenhagen-based review site, Trustpilot Group plc surged in its stock market debut on Tuesday after its IPO raised £473M (approx €549M). The IPO of the 44 per cent stake gives the company a market capitalisation of £1.08B (approx €1.25B), according to a statement released by the company.
Transaction in details
The company, on Tuesday, said that it had priced its initial public offering at 265 pence per share. But, the stock traded at 295 pence as of 8:13 a.m. in London – up 11 per cent.