Virgin Trains USA, which owns and operates an express passenger rail system in Florida, filed on Friday with the SEC to raise up to $100 million in an initial public offering.The company also announced its partnership with Virgin Group and plans to rebrand from "Brightline" to "Virgin Trains USA."
The Miami, FL-based company was founded in 2013 and booked $5 million in sales for the 12 months ended September 30, 2018. It plans to list on the Nasdaq under the symbol VTUS. Virgin Trains USA filed confidentially on April 24, 2018. Barclays, J.P. Morgan and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.
