UK's Trustpilot slips after discounted secondary share placement

Trustpilot

24/03/2026 08:33

** Shares of online review platform Trustpilot TRST.L down 9.3% at 213.8 pence

** Stock is second-top loser on FTSE mid-caps .FTMC index, which is flat

** Advent Global Opportunities sells 21.6 million Trustpilot shares at 214 pence per share for 46 million pounds ($61.75 million), Deutsche Bank says, implying a 9.2% discount to Monday's close

** Separately, co appoints The Economist Group CFO Marcus Roy as new finance chief

** YTD, TRST up about 30% vs .FTMC's nearly 6% fall

($1 = 0.7449 pounds)

(Reporting by Nithyashree R B in Bengaluru)

((NithyashreeRB@thomsonreuters.com))