The owner of rail booking company, Trainline, has announced plans for a listing on the London Stock Exchange next month.
Trainline Investments Holdings believes the IPO will help Trainline’s future development and growth, raise brand awareness, and help incentivise and retain key management and staff.
The IPO is expected to raise £75 million, which will be used to ‘¨pay off debt and settle related bank costs and fees.
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Douglas McCallum, Chairman of Trainline, said: ‘¨”With a strong basis for further growth, I am confident that Trainline, as a public company, will be able to capitalise on its achievements to date and continue to grow its business in the UK and Europe.”
