Miami’s new, hometown rail line wants to raise more than half a billion dollars
https://www.miamiherald.com/news/bus...225272795.html
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The company, formerly Brightline, will begin its “roadshow” as it aims to raise money from investors. On Wednesday, it announced it planned to float 28,334,000 shares, with an additional four million for underwriters, once it begins trading on the NASDAQ later this year.
It is hoping to price the shares $17 and $19 per share. So the intention is to raise more than half a billion dollars.
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It will be very interesting see how reporting on this project changes once the company is open to public investment. It feels weirdly 19th-century that passenger rail lines are being built by selling stock to the public, but weird in a good way.
Also, this article had this little gem of a sentence, showing how experienced the reporter is in this subject:
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January saw two more fatal accidents involving the fast-speed rail train, though it was not immediately clear who was at fault.
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