The transport booking app will publish an 'expected intention to float' statement later this week, Sky News learns.
The rail and coach ticket booking business, which is growing rapidly both in the UK and overseas, is in the process of recruiting an experienced chairman who can steer it onto the public markets, insiders told Sky News earlier this month.
Under the stewardship of Clare Gilmartin, the former eBay executive who was brought in to run Trainline in 2014, it has consolidated its position as Britain's biggest travel booking app while expanding its sales to customers in well over 150 countries. KKR paid roughly £500m for the business, since when it has expanded significantly in international markets as well as growing its UK market share.
The proliferation of fares across Britain's rail network has frequently infuriated passengers but has benefited Trainline, which saw sales jump in 2017 to £2.4bn.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thomas Cook in £1.5bn loss as Brexit woe hits holidaysOn another bleak day for investors, the debt-riddled travel company also sounded the alarm over the outlook for the rest the year. Shares closed down 14.7 per cent, or 3.38p, to 19.61p.
Read more »
Thomas Cook risks collapse plunging holidays into turmoil as firm loses £1.5bnTHOMAS Cook risks collapse after its share price tumbled another 40 percent yesterday after losing nearly £1.5billion. The UK’s oldest travel company is struggling with massive debts and has …
Read more »
Thomas Cook blames Brexit for £1.5bn lossThomas Cook blamed Brexit uncertainty as it announced a £1.5bn loss and confirmed that multiple bids had been made for its airline. More follows…
Read more »
Thomas Cook slumps to £1.5bn loss as Brexit chaos hits travel plansFirm writes down value of My Travel and says UK customers are delaying holiday bookings
Read more »
Co-op launches £1 bags of halloumi fries crisps - and they're vegetarianWe can't wait to try these?
Read more »
Boots are giving away FOUR packs of Pampers nappies for £1 when you shop online - here’s how to do itBULK-BUYING nappies may not the most glamorous of tasks, but all parents know it’s absolutely essential when you have a newborn. Well if your little one is getting through nappies like nobody…
Read more »
Woman who swindled £1.6m out of 190 people reveals location on Tik TokThe suspect, surnamed Zhang, who had fled to Myanmar from China, inadvertently turned herself in last month when she filmed herself and posted the clip on short video app Tik Tok.
Read more »
Co-op is now selling halloumi fries-flavoured CRISPS for £1 a bagYOU can now buy crisps that taste like halloumi fries at the Co-op – and they only cost £1. Halloumi fries have been one of the most popular side dishes in recent years but you’ve never…
Read more »
50 blacklisted trade unionists win £1.9m from building firmsOut of court settlement means construction companies have paid out £35m to 1,200 workers
Read more »