Trainline could make stock market debut as soon as next month, according to report

According to The Times, the company is finalising plans for a stock market debut that is expected to value it at about £1bn

Trainline's former owner Exponent tried to float the business in 2014 but sold it to KKR instead

Rail and bus ticket website Trainline is reportedly set to launch the largest listing of a UK-based company this year.

According to The Times, the company is finalising plans for a stock market debut and could go public as soon as next month.

READ: Trainline's float hits the buffers as KKR moves in

The initial public offering is expected to value Trainline at about £1bn, the newspaper reported.

Trainline was founded in 1997 by Virgin Trains and was sold to Exponent Private Equity in 2006.

Exponent tried to float Trainline in 2014 but sold it to US private equity firm KKR a year later for £450mln, instead.

Trainline processes more than £3bn of ticket sales a year in 45 countries. It employs about 600 people in London, Edinburgh and Paris.

The company is one of the UK’s so-called unicorns – a privately owned, tech start ups valued at more than US$1bn.

In the year to the end of February 2018, Trainline generated revenues of £167mln and a pre-tax profit of £38mln.


Quick facts: Trainline

Price: 548 GBX

Market: LSE
Market Cap: £2.64 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Block Energy's Paul Haywood explains recent share sales and updates on...

Block Energy's (LON:BLOE) Paul Haywood discusses the recent selling of shares by one of its main investors - Amati Global Investors. He also updates on the current drilling at Well 51 and the status of well 38. ''We've since finished that test [on 38] and are now bringing that well back...

1 hour, 24 minutes ago

2 min read