Trainline the rail app business has confirmed their plans to raise £75m to fund their expansion plans for when they float on the London Stock exchange in June.
American private equity giant KKR confirmed their initial public offering (IPO) on the stock market and said they “expected” the move to happen in June. The firm will float 25% of their total shares.
The Trainline IPO is expected to be the largest in the UK this year, as the company are looking at a £1.5bn valuation.
The company hired JP Morgan and Morgan Stanley to lead the share sale.