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Trainline plans IPO on London Stock Exchange
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.”
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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