I think this is a smart move for Virgin Trains US. Going public now is just going to heap on the distractions for management of the company. Better to remain private for now and focused. Though I am curious where they found this new funding source..........inquiring minds want to know (heh-heh). :)
http://trn.trains.com/news/news-wire/2019/02/13-virgin-trains-usa-delays-public-offering
Also, public disclosure of financial statements makes it easier for competitors to derive how they are running their business and attempt duplication (like I suspect Amtrak has with it's new major station redevelopment programs).
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