Trainline takes advice for sale

Michael Bow
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TRAIN ticket booking website is working with investment bank Morgan Stanley to help guide it to a potential stock market debut.

The firm’s private equity backers Exponent Private Equity has engaged the banking giant, according to Sky News, to sell its controlling stake to fund management firms or a trade buyer. Exponent tried to sell the ticketing website last July but failed to generate high enough bids for the group.