Trustpilot slumps after Vitruvian sells 12.5m shares in placing

(Sharecast News) - Trustpilot tumbled on Tuesday after Vitruvian Partners sold 12.5m shares in the company in a placing at 220p each. The placing shares represent around 3% of Trustpilot's issued share capital.

It was conducted through an accelerated bookbuild, with Berenberg acting as sole bookrunner.

Following completion of the placing, Vitruvian will hold just over 9.5m shares in Trustpilot.

At 0805 BST, the shares were down 6.1% at 220.26p.