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Fortress-backed Virgin Trains USA officially withdraws $510 million IPO

VTUS

Virgin Trains USA, which owns and operates an express passenger rail system in Florida, officially withdrew its plans for an initial public offering on Friday after postponing the deal last week. It had filed to raise $510 million by offering 28.3 million shares at a price range of $17 to $19, which would have given it a market cap of $3.0 billion. The Miami, FL-based company...read more

US IPO Weekly Recap: Blue jeans are back as Levi's preps March IPO

VTUS

Levi Strauss (LEVI) is bringing its blue jeans back to public markets. This week the company filed for an IPO that we estimate could raise $750 million, coming as early as March. It's no wonder Levi is going public, based on its 2017 and 2018 financials, which saw sales growth of 8% and 14%, respectively. That's especially impressive given the current...read more

Fortress-backed Virgin Trains USA postpones $510 million IPO

VTUS

Virgin Trains USA, which owns and operates an express passenger rail system in Florida, postponed its IPO on Tuesday. It had filed to raise $510 million by offering 28.3 million shares at a price range of $17 to $19. The Miami, FL-based company was founded in 2013 and booked $5 million in sales for the 12 months ended September 30, 2018. It had planned to list on the Nasdaq...read more

US IPO Week Ahead: On track for 7 IPOs, led by Virgin Trains USA

VTUS

Railroad IPOs were hot in the 1850's, but two billionaires are bringing the industry back this week with an offering of Virgin Trains USA. In total, the week could see up to seven deals, but Virgin Trains USA's $510 million IPO is larger than the other six combined. These others are mostly small healthcare IPOs: ...read more