Private train company poised for IPO has Dallas on its map

Virgin Trains USA, currently operating as passenger rail service Brightline, is meeting with investors for its “road show” as it prepares to launch an initial public offering that could raise up to $619 million. The Miami-based company operates the Brightline train between Miami, Fort Lauderdale and West Palm Beach, Florida. It later hopes to expand that service to Orlando, Tampa and the Treasure Coast (along Florida’s Atlantic coast) and then create similar regional passenger systems around the county. Some of the potential expansion targets are in Texas, including a Houston-to-Dallas route, where it would compete with Texas Central’s proposed Texas Bullet Train. Dallas Business Journal

See Original

Author: Matthew Randle