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
18,012.48
17:05 06/11/24
-0.05%
-8.39
Cboe UK 250 NTR
26,613.32
17:05 06/11/24
-0.05%
-12.40
Cboe UK 350
14,458.30
17:05 06/11/24
-0.04%
-6.17
Cboe UK 350 NTR
23,731.84
17:05 06/11/24
-0.04%
-10.12
Cboe UK All Companies
14,341.38
17:05 06/11/24
-0.04%
-6.07
Cboe UK All Companies NTR
24,221.24
17:05 06/11/24
-0.04%
-10.25
Cboe UK Consumer Services Sector
21,990.58
17:05 06/11/24
2.56%
548.19
Cboe UK Consumer Services Sector NTR
30,436.11
17:05 06/11/24
2.56%
758.73
FTSE 250
20,446.70
17:04 06/11/24
n/a
n/a
FTSE 350
4,502.41
17:04 06/11/24
n/a
n/a
FTSE All-Share
4,460.03
17:14 06/11/24
n/a
n/a
Trainline
396.80p
16:35 06/11/24
-0.80%
-3.20p
Trainline Plc
395.40p
16:30 06/11/24
-1.10%
-4.40p
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.