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Rail booking site Trainline tipped for flotation

10/28/2014| 11:27:02 AM| 中文

Online rail booking site Trainline is being tipped for a stock market flotation.

The company is understood to have started discussions with banks about an initial public offering that could value it at more than £400 million, Sky News reported.

Exponent Private Equity, which has held a controlling stake in Trainline since 2006, is expected to appoint City advisers to oversee a flotation within weeks, although the timing of any listing is uncertain and an outright sale to another investor is a possibility, sources said.

Trainline made around £9 million profit in the year to March 2013, despite having to pay £2 million in fees to advisers who led an unsuccessful sale process.

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TAGS: Trainline | train ticket | APP | IPO
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