Trainline has successfully floated on the Main Market and raised cash to reduce its borrowings. It should be eligible to go into the FTSE 250 index in the next changes in September.
Trainline dominates online train and coach ticket sales in the UK and commission rates are determined by the train and coach operators making it difficult for competition to compete on price. Investment in technology and analysis of data help the company to grow its revenues and market share.
There were 240.1 million shares sold by existing shareholders with most of the cash going to KKR, which still owns one...
