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Travel & Leisure

Trainline slumps as KKR sells off its shares

By Michele Maatouk

Date: Tuesday 12 Nov 2019

LONDON (ShareCast) - (Sharecast News) - 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.
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.

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Trainline Market Data

Currency UK Pounds
Share Price 287.40p Price Down
Change Today -23.20p
52 Week High 552.00p
52 Week Low 202.50p
Volume 1,095,955
Shares Issued 480.68m
Market Cap 1,381.48m

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