fbpx
Main Navigation
Sections
Social Media Connect
Our Other Brands
  • Lifestyle Media Group Logo
  • Tampa Bay Business & Wealth Magazine Logo
South Florida Business and Wealth
South Florida Business & Wealth
Banking & Financial Advice

Want to buy stock in Virgin Trains USA (Brightline)? Here’s the price

| SFBW Staff

A new SEC filing indicates a price of $17 to $19 a share for the Virgin Trains USA LLC stock offering, which is expected to be listed on NASDAQ under the symbol VTUS. The SEC filing registers 32.58 million shares, which would be roughly worth $619 million.

Virgin Trains USA is the new name for Brighline, which operations passenger trains between Miami and West Palm Beach. The company is working on an extension to Orlando and then Tampa.

Virgin Trains are already a brand in the United Kingdom and now Brightline will adopt the Virgin Trains USA name
Virgin Trains are already a brand in the United Kingdom and now Brightline will adopt the Virgin Trains USA name. This photo by Elliott Brown via Wikimedia Commons shows a Virgin Trains Classic Super Voyager at the Rugeley Trent Valley Station.

The underwriters include some of the biggest names on Wall Street: Barclays, J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Allen & Co., JMP Securities and Raymond James. The underwriters have the option to purchase up to an additional 4.25 million shares at the IPO price.

An affiliate of Virgin Enterprises has an agreement to buy less than 2 percent of the shares after the IPO. Affiliates of current owner Fortress Investment Group will own 79.5 to 81.6 percent of the stock.

Click here to see the SEC filing.

 

 

You May Also Like
Black Friday Hotel Deals Gale Miami Hotel & Residences
Contessa
Vita Grove Isle
Kojin2.0
More Banking & Financial Advice Posts
Inter&Co Grows Its Presence in U.S. Market
 |  Kevin Gale

The company has its U.S. headquarters in Brickell Key.

Read More
Inter&Co Miami
Navigating Tax Changes
 |  Clifford S. Gelber

The estate exemption will be going back to previous levels.

Read More
Tax Changes
Banesco USA Achieves Landmark Achievement With Assets Exceeding $4 Billion
 |  Sean d'Oliveira

The community bank has seven locations between South Florida and Puerto Rico.

Read More
Banesco USA
Stephanie Green at the Forefront of Fifth Third Bank’s Rapid Growth in South Florida
 |  Kevin Gale

JD Power ranks it as the top bank in Florida for customer satisfaction.

Read More
Stephanie Green
Other Posts
PMG Finalizes Acquisition of Land for Sage Intracoastal Residences in Fort Lauderdale
 |  Sean d'Oliveira

The property will offer 44 waterfront condominiums.

Read More
Sage Intracoastal
South Florida School Recognized on Billboard’s List of Top Music Business Schools
 |  Sean d'Oliveira

It is the 10th time the Elite Music School has been honored.

Read More
Music Business School
Armina Stone Partners With Miami Heat to Enhance Service Offerings
 |  Sean d'Oliveira

The company recently expanded to the South Florida market.

Read More
Armina Stone and Miami Heat
12 New Leading Men Set to Strut the Runway for Local Charities
 |  Sean d'Oliveira

Over 700 tickets have been sold to the top-tier event.

Read More
Men of Style

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.