Virgin Trains USA, a train operating company, aims to secure up to $100 million in an initial public offering.
Virgin Trains USA plans to list on the Nasdaq under the symbol VEL.
Barclays, J.P. Morgan and Morgan Stanley are the joint bookrunners on the deal.
Additionally, the company also announced its partnership with British venture capital firm Virgin Group and plans to rebrand from Brightline to Virgin Trains USA.