Trainline surges in trading after as investors come onboard

Green Train
By Aidan Gregory
21 Jun 2019

Shares in Trainline, the UK transport booking website, surged in the aftermarket on Friday after the company priced its £950m IPO near the top of its price range, having attracted stock orders from around 270 investors, according to a source close to the transaction.

The stock traded as high as 436.5p early on Friday morning, up 24% from the 350p offer price in the IPO. Due to the strength of demand during bookbuild, the size of the offering was increased to 271.65m shares, a 56.5% stake, for a £950m deal size. If ...

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