Thetrainline.com is reportedly looking to float on the London Stock Exchange, with plans to attract investors with an initial £75m IPO.

The £75m IPO, if raised, would take the valuation of the company to £500m.

The rail ticket seller is reportedly working with JPMorgan, expected to be the only sponsor, and with Morgan Stanley as a joint global coordinator, reported Bloomberg.

Thetrainline earns revenue by providing digital services to rail companies, taking a cut from the money generated by ticket sales.

Financial Times cited Thetrainline.com CEO Clare Gilmartin as saying: "We’re the standout category leader in the UK. Our aim is to be the travel companion in everybody’s pocket. We bring that same aim to Europe."

Gilmartin added: "Thetrainline was a strong business in 2012 and Exponent have been long-time, great stewards of the business."

"But it is an even stronger business now. The main driver of our strength over the last few years has been mobile. We’ve seen real accelerator in the numbers downloading our apps."