Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

Trainline Victoria Investments plans London IPO in June

Text size Aa Aa

LONDON (Reuters) – Britain’s trainline Victoria investments said on Wednesday it plans list on the London Stock Exchange in June, raising 75 million pounds ($95 million), to increase growth.

The independent rail and coach travel firm, which sells tickets via its website and mobile app, is also looking to raise its public profile and provide liquidity for its shareholders.

The company is looking to trade on the main market of the London Stock Exchange, using its premium listing segment, and sell 25 percent of new and existing shares.

A premium listing meets more stringent rules than the European Union’s minimum requirements.

It has appointed J.P. Morgan Securities, Morgan Stanley & Co. International and KKR Capital Markets Limited as main advisers to the deal.

(Reporting by Clara Denina, editing by Sinead Cruise)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.