Trainline has enjoyed a runaway start to life as a listed company. On Friday shares in the online ticketing site jumped by nearly a fifth, buoyed by investors’ hunger for developers of smart, user-friendly software tools (Simon Duke writes).
It was fortunate to run in the slipstream of Slack. The day before Trainline went public, the stock price of the workplace communication app soared by almost 50 per cent on its first day of trading in New York.
Slack satisfied two criteria that investors prize — youthful vigour and the possibility of establishing a dominant technology platform. Trainline ticks one of those boxes. It is the biggest online seller of train tickets in Britain, processing more than half of all digital sales — a position