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Trustpilot gets IPO cornerstone investors to give enterprise value of $1.4 billion

Mar 8, 2021

(Reuters) – Online review platform Trustpilot said on Monday it has received commitments from several funds to act as cornerstone investors in its upcoming initial public offering at a price that gives it an enterprise value of up to $1.4 billion (1 billion pounds).

Several investors including BlackRock, FIL Investments and Henderson Global Investors have agreed to buy up a total $240 million of shares in the London listing, the company said in a statement.

(Reporting by Rachel Armstrong; editing by Simon Jessop)