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The passenger train company formerly known as Brightline could announce up to three new stations in the tri-county area before the end of 2019.
Virgin Trains USA said on Friday it has withdrawn its initial public offering, after putting a hold on the plans on the eve of its scheduled public listing earlier this month. Virgin Trains on Feb. 12 said that a number of alternative financing sources became available for the railway operator that would allow the company to keep it private and meet its growth strategies. The company's IPO was expected to raise $500 million.
Virgin Trains USA has delayed its plans to raise more than $500 million in an initial public offering, a company spokeswoman said on Tuesday. The railroad had planned to sell 28.3 million shares in its IPO, which was expected to be priced at $17 to $19 per share, according to its filing with the U.S. Securities and Exchange Commission. At the top end of the range, the company would have been valued at $3.15 billion in what would have been one of the biggest U.S. IPOs so far this year.
For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud . IPO dates below are expected but not confirmed. Anchiano Therapeutics Ltd. (ANCN) will issue 2.4 million shares at $14.55 ...
Virgin Trains USA LLC (NASDAQ: VTUS) (“Virgin Trains” or the “Company”) announced today an initial public offering of 28,334,000 shares of common stock (the “shares”), pursuant to a registration statement on Form S-1 (including a prospectus) previously filed with the Securities and Exchange Commission (the “SEC”). The current expected initial public offering price is between $17.00 and $19.00 per share. In addition, Virgin Trains intends to grant the underwriters a 30-day option to purchase up to an additional 4,250,100 shares at the initial public offering price, less underwriting discounts and commissions.