The site is the largest online rail ticketseller in the UK, as well as the country’s fifth largest online retailer. Under plans sponsored by JPMorgan Chase & Co. and coordinated jointly with Morgan Stanley, Trainline’s initial public office offering is floating 25 per cent of share capital, and hopes to raise £75 million.
Trainline has been owned by private equity firm Exponent since 2006. According to the Telegraph, the site and app enjoys almost 21 million visits a month, and its smartphone app has been downloaded 7.4 million times. Exponet reportedly considered selling Trainline before ultimately deciding on an IPO.
CEO Clare Gilmartin said Trainline aspires “to be a travel company in everybody’s pocket… We have a very exciting future, principally driven through mobile.”
Other big UK tech IPO’s expected in 2015 include Auto Trader (an estimated £2 billion), and fashion site Net-a-Porter (in excess of £1 billion), the Telegraph reports.
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