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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Trustpilot tanks as Advent Global offloads 21.6m shares in placing

(Sharecast News) - Trustpilot tanked on Tuesday after Advent Global Opportunities sold just over 21.59m shares in the company in a placing, raising about £46m. The shares were placed at 214p each, with Deutsche Numis and JP Morgan acting as joint bookrunners in connection with the placing.

Trustpilot will not receive any proceeds from the placing.

Upon completion of the transaction, Advent Global will continue to hold a small residual stake of approximately 250,000 shares through a separate fund, Deutsche Bank said in a statement.

At 0815 GMT, the shares were down 10.2% at 211.80p.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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