Black Tuesday for Trustpilot at the LSE - Tuesday September 15th
On Tuesday, 15 September 2026, Deutsche Bank AG confirmed that Advent Global Opportunities Master Ltd Partnership had sold the majority of its stake in Trustpilot.
Advent Global Opportunities sold 21.6 million shares, representing a 5.6% stake, at a price of 214 pence per share, for a total consideration of GBP 46 million. Trustpilot has a total market capitalisation of GBP 817.3 million.
Trustpilot shares were down 12% at 207.60p on Tuesday morning in London. By comparison, the broader FTSE 250 index was down just 0.4%.
The shares were sold through a placement led by Deutsche Bank, jointly with JP Morgan Securities PLC, and the total volume corresponds to the disposal plan initially announced after the London market closed on Monday.
Following the transaction, Advent Global Opportunities Management LLC will continue to hold approximately 250,000 Trustpilot shares through a separate fund. If those shares were to be sold, this “would not be done through a market transaction,” Deutsche Bank said, meaning that no public disclosure would be required.
Trustpilot is facing mounting criticism, particularly from businesses that accuse the review platform of using what they describe as mafia-style extortion tactics. They allege that the platform allows consumers to post reviews of companies from which they have never purchased products. Critics further allege that Trustpilot uses fake negative reviews to pressure businesses into purchasing paid moderation subscriptions, thereby potentially misleading consumers and prospective customers.
