By Elena Vardon
Venture capital fund Northzone VI intends to sell around 12 million shares in Trustpilot Group.
The placing will take place through an accelerated bookbuild and the price for each share will be determined through the process, its bookrunner Berenberg said.
The London-listed review website for businesses isn’t a party to the placing and won’t receive any of the proceeds, the broker said.
Trustpilot shares closed at 110.2 pence on Tuesday, implying that Northzone will make around GBP13.2 million from the disposal if the placing price matches the last price shares traded at before the announcement.
Write to Elena Vardon at [email protected]
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