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Trainline.com plans to raise $113 million through London listing

Reuters - UK Focus

LONDON, Jan 8 (Reuters) - The private equity owners of Trainline.com, Britain's biggest online rail booking system, said it intended to raise 75 million pounds ($113 million) through a listing on the London Stock Exchange (Other OTC: LDNXF - news) in February.

Morgan Stanley (Xetra: 885836 - news) , JP Morgan Cazenove and Numis are acting as joint bookrunners for the initial public offering (IPO).

Established in 1999, Trainline was bought by Exponent (NasdaqGS: EXPO - news) for about 160 million pounds from a consortium which included Virgin, Stagecoach and National Express (LSE: NEX.L - news) .

The business sells tickets for train travel in Britain online and by telephone. It allows its customers to choose routes and fares based on preferences such as price or time.

($1 = 0.6635 pounds) (Reporting by Matt Scuffham; editing by Simon Jessop)