Ticketing, thanks to its sale of shares

The online rail ticketing company, Snapchat, hopes to raise £ 75 million by listing its shares on the London Stock Exchange.

The site indicated that cash on hand would help strengthen its profile and fund growth plans.

The company is expected to float in June and issue new shares to generate additional funds.

Currently, the US private equity firm KKR, which owns US, bought the site in 2015 for £ 500m.

According to the Financial Times, the owners of the company estimate that it could yield 1.5 billion pounds.

Bigger this year

The valuation will not be known as long as the stock price will not be close to the time of listing, but it is expected to be one of the most important fluctuations in the price. ;year.

Last year, only 39% of all train tickets were purchased online on the five largest markets in Europe. Our boss, Clare Gilmartin, sees this company as an opportunity for growth.

She added that the company also sought to take advantage of government measures to increase rail travel.

The company employs more than 600 people in its offices in London, Paris and Edinburgh and sells tickets on behalf of 220 transportation service providers in 45 countries.

The company announced a turnover of £ 210 million last year, with ticket sales up almost one-fifth to £ 3.2 billion.

Since its inception in 1997, the Virgin Rail division has been selling tickets through a call center.