25th Jun 2019 12:13
(Alliance News) - Trainline PLC said Tuesday its owner US private equity firm KKR sold a further 40.7 million shares as part of an over-allotment facility of the online travel ticketing firm's initial public offering.
Last Friday, Trainline announced it had priced its IPO at 350 pence per share. As part of this, Trainline would raise funds through the issue of 32 million new shares whilst KKR would sell 240 million of its shares. Together, these represented around 56% of the total outstanding shares in the firm.
The IPO price gave a market capitalisation of GBP1.68 billion for Trainline
On Tuesday, Trainline announced KKR would exercise its 40.8 million share over-allotment facility at the offer price.
Following the over-allotment, Trainline explained the total size of the IPO stood at 312 million shares, equivalent to 65% of total outstanding shares in the firm.
Admission is expected to occur on Wednesday.
Related Shares:
Trainline