First block in Trainline leads busy ABB night

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By Sam Kerr
20 Sep 2019

A £285m block in Trainline, the UK the transport booking website, was covered quickly on Thursday night after a lock-up was waived on KKR and other pre-IPO shareholders.

JP Morgan, Morgan Stanley and KKR Capital Markets were the bookrunners on the trade, the first since the company's IPO in June.

The decision to waive the lock-up, which was set to expire in December, was made after Trainline upgraded revenue expectations last week, leading to ...

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