Steaming ahead: Trainline to press ahead with stock market float

Trainline has announced its intention to float on the London Stock Exchange. The train-booking app, which was bought by private equity giant KKR in 2015 for £500 million, is reportedly aiming for a £1.5 billion valuation. The company reported revenue of £210m, and net ticket sales rose 19 per cent to £3.2bn, in the last full year. Trainline employs more than 600 people across its offices in London, Paris and Edinburgh. The firm plans to make at least 25 per cent of its issued share capital available on the stock exchange.