UK’s Trainline has announced its plans to list on the London Stock Exchange next month to grow its public profile and brand awareness as well as meet demands for travel across Europe.
According to a statement published by the company, the IPO offer aims to support Trainline’s growth plans by increasing the Group’s public profile and brand awareness, pr
- provide a base of long term shareholders
- provide a potential liquidity opportunity for shareholders
Trainline brings together routes, fares and journey times from more than 200 train and coach companies in 45 countries to save customers time, hassle and money on bookings. The business recruits over 600 employees in its offices in London, Edinburgh and Paris.
As part of the June IPO it aims to raise £75m through new shares. The statement published by the business also states it aims to sell 25% of new and existing shares.
Trainline has appointment J.P Morgan Securities and Morgan Stanley & Co as the main advisers in the process.