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Virgin Trains USA Withdrawn, Nasdaq: VTUS

Owns and operates an express passenger rail system in Florida.

Industry: Industrials

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Industry: Industrials

We own and operate an express passenger rail system connecting major population centers in Florida, with plans to expand operations further in Florida, Las Vegas and elsewhere in North America. We are the first new major private passenger intercity railroad in the United States in over a century, and we believe our business represents a scalable model for twenty-first century passenger travel in North America. We currently operate between Miami and West Palm Beach, one of the most heavily traveled and congested regions in the United States. Upon completion of this offering, we will continue construction of the expansion of our Florida passenger rail system to Orlando, Florida, and we intend to further expand our rail service to Tampa, Florida. Louis Berger estimates the total potential addressable market of travelers across our Miami to Tampa corridor to be approximately 413 million trips annually. We can operate up to 32 trains daily that are capable of speeds of up to 125 miles per hour, and we own stations located in the heart of downtown cities and major transit hubs in Florida. We believe our passenger rail system offers travel that is faster, safer, more eco-friendly, more reliable, less expensive, more productive and more enjoyable than travel by car or air.
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IPO News for Virgin Trains USA
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IPO Data
IPO File Date 11/16/2018
Offer Price
Price Range $17.00 - $19.00
Offer Shares (mm) 28.3
Deal Size ($mm) $510
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $17.00 - $19.00
Offer Shares (mm) 28.3
Deal Size ($mm) $510
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Miami, FL
Founded 2013
Employees 316
Website www.virgintrainsusa.com