Trustpilot techs the IPO plunge

DANISH FIRM LISTS STOCK IN LONDON

REVIEWS website Trustpilot joined a growing stock market stampede by tech firms yesterday.

The Danish firm was valued at almost £1.1billion on its London Stock Exchange debut – before its shares closed the day up eight per cent.

Trustpilot, which allows people to rate businesses, is the latest internet-based firm to cash in on a stock market listing in recent months.

Most have seen business boom during the pandemic.

Trustpilot’s Initial Public Offering, known as an IPO, will raise £473million for the company. It comes days after takeaway giant Deliveroo lined up an IPO potentially worth £8.8billion. Others to have floated recently include greetings card website Moonpig and online celebrity fashion firm In the Style. And yesterday, online pension provider Pensionbee joined the rush with a planned listing that could value it at £350million. Money transfer firm Wise, online car dealer Cazoo and ready meal delivery business Parsley Box are also eyeing IPOs. However, there are concerns about how long investors’ appetites for such stocks will last. Pensionbee was co-founded in 2014 by banker Romina Savova. It has 130,000 active customers and manages £1.5billion of assets. Savova, 35, said: “We are just very much looking forward to what the future holds as a listed company.” pandemic-battered SHARES in dived movie chain Cineworld announced a yesterday after it Warner deal with film studio be able to screen Bros. Cineworld will for just 31 days, some Warner movies TV streaming rivals. before they go to Regal reopen US chain to Cineworld plans with the Godzilla coincide next month – to and UK sites in May. vs Kong movie –