fbpx
Virgin Trains are already a brand in the United Kingdom and now Brightline will adopt the Virgin Trains USA name

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

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.

 

 

Kevin Gale
kgale@sfbwmag.com
4 Comments
  • lewis stark
    Posted at 02:39h, 13 April Reply

    when can i buy stock in the brite line west –vtus

  • Kenneth Muskelly
    Posted at 01:45h, 02 July Reply

    I would like to obtain stock shares in Brightline Train

  • Gerry Lee
    Posted at 18:14h, 15 July Reply

    Interested in buying stock..

  • Robert Whealton
    Posted at 03:33h, 18 November Reply

    Very interested

Post A Comment