Trainline Victoria Investments plans London IPO in June

Credit: REUTERS/PETER NICHOLLS

Britain's trainline Victoria investments said on Wednesday it plans list on the London Stock Exchange in June, rasing 75 million pounds ($95 million), to increase growth.

LONDON, May 29 (Reuters) - Britain's trainline Victoria investments said on Wednesday it plans list on the London Stock Exchange in June, rasing 75 million pounds ($95 million), to increase growth.

The independent rail and coach travel firm, which sells tickets via its website and mobile app, is also looking to raise its public profile and provide liquidity for its shareholders.

The company is looking to trade on the main market of the London Stock Exchange, using its premium listing segment, and sell 25 percent of new and existing shares.

A premium listing meets more stringent rules than the European Union's minimum requirements.

It has appointed J.P. Morgan Securities, Morgan Stanley & Co. International and KKR Capital Markets Limited as main advisers to the deal.

($1 = 0.7898 pounds)

(Reporting by Clara Denina, editing by Sinead Cruise)

((Clara.Denina@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More