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Trustpilot aims for market cap of up to $1.5 billion in London IPO

FILE PHOTO: The London Stock Exchange offices in the City of London, Britain

LONDON (Reuters) - Online reviews platform Trustpilot has set a price range for its upcoming initial public offering in London of 250 pence to 365 pence per share, aiming for a market value of up to 1.084 billion pounds ($1.50 billion).

The company said it plans to sell around 47 million pounds of new stock and up to 387 million pounds in existing shares, to give it a free float of just under 50%.

(Reporting by Rachel Armstrong, editing by Louise Heavens)