Trustpilot: Denmark’s tech unicorn puts its trust in London
Founded in Denmark in 2007, Trustpilot has developed into a global review platform with a mission to create a universal symbol of trust. Joining the premium segment of London’s Main Market, with its high standards of regulation and corporate governance, was an obvious choice for the first Danish tech unicorn to list in London.
Tech in London
In just over a decade, Trustpilot has grown from a garage startup into a global platform. Now it is the first Danish tech unicorn to list in London.
Trustpilot joins a growing group of dynamic tech companies who are choosing to list in London in the next phase of their growth journey.
In London, high-growth European tech companies gain access to one of the largest and most active capital markets in the world with an equity value of over £5 trillion. London Stock Exchange is also the most international exchange in the world and 38% of our companies are headquartered outside of the UK.
Murray Roos, Group Director of Capital Markets, LSEG
An interactive session with Peter Mühlmann, founder and CEO, Trustpilot
There have been so many pivotal moments since starting the business. These key moments were defining at every stage of Trustpilot's growth. I was proud when I first started the business and delighted to have received initial funding. Each stage of funding since has been pivotal, allowing us further opportunity and impetus to scale the services we offer and the territories we could operate in.
Opening and stepping into our offices in some of the major cities across the world - Copenhagen, London, New York, Denver, Melbourne, Vilnius and Edinburgh - has really brought home how applicable the concept of Trustpilot is to consumers and businesses all over the world.
Finally, it has been the people who have worked at Trustpilot (we call them Trusties), who have helped create and shape these moments. We wouldn’t be here without the hard work, inspiration and dedication of everyone who has been part of the journey so far.
When I first started the business in my parent’s garage, it was initially as a side business to my e-commerce start-up. I never thought that his idea would grow to the size it is now, but the mission to become a universal symbol of trust has not changed and the IPO was the natural next step for Trustpilot in order to achieve that objective.
We think the total market is worth over $50bn and growing, driven by an evolution in the way consumers purchase goods and services and how businesses seek to engage and learn from their customers. It is an exciting time for Trustpilot and the IPO will allow us to continue our strong momentum. We will continue to invest in growth by developing our technology platforms, expanding in current markets and entering new ones with new products and services.
We already operate in many key territories globally and reviews are written in more than 100 countries. As we expand further, there will undoubtedly be challenges along the way, but we have the right blend of people, processes and technology to ensure that trust and transparency remain at the very core of what we do. Maintaining the highest of standards of trust and transparency will be paramount to our continued growth and success.
The Premium segment has the UK’s highest standard of regulation and corporate governance. As a company with trust and transparency at the heart of what we do, this was an obvious choice. We hope to build on our already strong investor confidence through this greater transparency.
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