Virgin Trains USA stops plans for IPO

ORLANDO, Fla. (AP) — The company that is building a passenger rail service from South Florida to Orlando is stopping its plan to go public.
Virgin Trains USA said this week it wouldn’t go through with an initial public offering.
Senior Vice President Ben Porritt says in a statement that alternative financing sources have become available that will allow the company to stay private and keep its growth strategies.
The company formerly known as Brightline launched service between Miami,