Trainline eyes £1bn flotation
By Iain Gilbert
Date: Friday 15 Mar 2019
(Sharecast News) - Rail and coach ticket booking platform Trainline is on track for a £1bn listing on the London Stock Exchange in the coming months.
Trainline, which is owned by investment outfit KKR, was said to be working alongside the likes of JP Morgan and Morgan Stanley on its flotation, according to Sky News.
The timing of the group's IPO will be heavily dependent upon the state of market conditions at the time of the UK's inevitable departure from the EU, but was said to be possible as soon as summer 2019.
If successful, Trainline's flotation would come almost four years after it opted not to list its shares on the LSE and pursue a sale to KKR.
Although a private sale of the outfit was still on the cards, insiders told Sky News that KKR would only look at the option if the bidder was willing to reflect Trainline's growth prospects in its offer.
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