Want to buy stock in Virgin Trains USA (Brightline)? Here's the price - S. Florida Business & Wealth
Main Navigation
Sections
Social Media Connect
Our Other Brands
  • Lifestyle Media Group 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
Six people stand together indoors, smiling and dressed in stylish white outfits. Three women and three men pose for the camera, some wearing sunglasses and hats. The background shows modern decor and soft natural light. South Florida Business & Wealth
Smiling woman with long straight blonde hair, wearing glasses, a black blazer, and a pearl necklace, posed in front of a solid blue background. South Florida Business & Wealth
A smiling man wearing glasses, a white lab coat with a Holy Cross Medical Group logo, a blue shirt, and a red patterned tie, standing in front of a gray background. South Florida Business & Wealth
Colorful graphic for Broward Education Foundation’s School Supply Drive, held July 1 to August 31. Includes illustrations of scissors, erasers, glue sticks, and the foundation’s logo at the top. South Florida Business & Wealth
More Banking & Financial Advice Posts
Aging, Care, and the Cost of Waiting Too Long
 |  Jessica Graves

Attorney Heidi Friedman on VA benefits, Medicaid rules, and why early planning can prevent costly mistakes

Read More
A smiling professional woman sits at a desk with an older couple, discussing paperwork. Documents labelled "Medicaid," "Long-Term Care," and "VA Benefits" are on the table. A marina is visible through the large window behind them. South Florida Business & Wealth
The City Emerging as a National Career Powerhouse
 |  SFBW Staff

Boca Raton Ranks #14 Nationwide as One of CoworkingCafe’s Top Career Hotspots

Read More
A cityscape of Boca Raton, FL at sunset with a badge stating “#14 Top 20 Career Hotspots” and text reading “Top 200 Career Hotspots, #14 Nationwide, Boca Raton, FL, CoworkingCafe.”. South Florida Business & Wealth
Elevating South Florida’s Financial Leadership
 |  SFBW Staff

Strategic Partnership Unites SFBW and Florida International Funds Organization

Read More
Two puzzle pieces with "SFBW" and "FIFO" logos fit together in front of a city skyline at sunset, with financial chart graphics and an upward arrow overlaying the sky. South Florida Business & Wealth
Fifth Third Completes Comerica Merger
 |  SFBW Staff

The $294 billion institution brings expanded scale, deeper middle-market strength, and a coast-to-coast growth strategy with major implications for high-growth Sun Belt markets.

Read More
Other Posts
The Iconic Jungle Queen Changes Ownership
 |  SFBW Staff

For nearly a century, Jungle Queen has been more than a scenic riverboat tour. It has been a Fort Lauderdale tradition, a family legacy, and one of the most recognizable

Read More
Two white riverboats with red trim and decorative flags sail on a calm waterway, with palm trees, houses, and a clear blue sky in the background. South Florida Business & Wealth
TBC Corporation Names Ron Harper New Chief Supply Chain Officer
 |  SFBW Staff

 TBC Corporation (“TBC”), a leader in the mobility industry and one of North America’s largest marketers of automotive replacement tires through wholesale and franchise operations, today announced the appointment of Ron

Read More
Smiling man wearing a navy blue suit jacket over a white dress shirt, standing against a plain white background. South Florida Business & Wealth
Holy Cross Health Names Jason Boren Its New COO
 |  Laine

Jason Boren will join Holy Cross Health as its new Chief Operating Officer (COO), effective July 6. He brings more than 15 years of progressive health care and team leadership

Read More
A man with short light brown hair, a trimmed beard, and glasses is wearing a blue suit, a white shirt, and a blue patterned tie. He is smiling and posed against a light blue background. South Florida Business & Wealth
Introducing Charitable
 |  SFBW Staff

Each year, Broward’s most committed philanthropists shape the region in ways that rarely make headlines. Charitable brings their work into focus. Published annually by Lifestyle Media Group, it is the county’s only guide to

Read More
A woman in a gold patterned suit stands smiling in front of a wall with martini glass designs. The magazine cover reads, "Charitable: Guide to Giving & Gratitude" and "Inspired to Make a Difference. South Florida Business & Wealth