Trainline hopes to raise £75m in June stock market listing

Mark Johnson's picture

London-based online rail and bus ticketing platform, Trainline, said it hopes to raise £75m when it floats on the London Stock Exchange next month.

The company, which announced its plan to float on the stock market last week, said the stock market listing will support its growth plans by increasing the firm’s public profile and brand awareness.

Admission to the London market is likely to take place in June the company said, in a stock market notice issued through its current owner Victoria Investments.

Trainline’s offer will be comprised of new shares to be issued by the company and of existing shares expected to be sold by certain existing shareholders, directors and employees.

A listing will also provide the company with a base of long term shareholders and give existing shareholders a “liquidity opportunity” to cash in their own investments in the business.

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