Trainline slumps as KKR sells off its shares
Trainline shares fell on Tuesday after a group of investors led by private equity firm KKR sold off their shares in the online rail booking company.
Cboe UK 250
17,337.36
16:29 28/03/24
0.65%
112.21
Cboe UK 250 NTR
25,010.34
16:29 28/03/24
0.69%
170.39
Cboe UK 350
14,043.85
16:30 28/03/24
0.38%
52.58
Cboe UK 350 NTR
22,571.33
16:29 28/03/24
0.42%
94.95
Cboe UK All Companies
13,928.28
16:30 28/03/24
0.37%
51.94
Cboe UK All Companies NTR
23,033.48
16:29 28/03/24
0.42%
96.55
Cboe UK Consumer Services Sector
20,003.71
16:30 28/03/24
0.66%
131.99
Cboe UK Consumer Services Sector NTR
27,422.01
16:30 28/03/24
0.66%
180.94
FTSE 250
19,884.73
17:14 28/03/24
n/a
n/a
FTSE 350
4,383.21
17:14 28/03/24
n/a
n/a
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
Trainline
370.40p
16:40 28/03/24
-1.80%
-6.80p
Trainline Plc
373.20p
16:30 28/03/24
-1.37%
-5.20p
KKR - Trainline's biggest shareholder - along with funds managed by Index Ventures, Ares and Alven Capital sold an aggregate of 68 million shares through an accelerated bookbuild to institutional investors. The shares were sold at 410p each, raising gross proceeds of £279m.
Following completion of the placing, KKR and the other selling shareholders will no longer own any shares in the company.
Trainline did not receive any proceeds from the placing.
At 0925 GMT, the shares were down 5% at 420p.