RailAmerica's NYSE debut loses steam (Dealscape

Though it didn't quite go according to plan, RailAmerica Inc.'s initial public offering yielded its main backer, Fortress Investment Group LLC, a 27% partly realized gain on its two-year-old investment.

The Jacksonville, Fla.-based railroad operator sold 10.5 million newly issued shares, and Fortress sold 11.5 million of the 41.85 million shares it had owned. At $15 a share, the $330 million offering priced Monday, below the anticipated per-share price range of $16 to $18. Still, the offering was 1 million shares bigger than expected.

This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence.

Dig deeper, with Pipeline.

80 articles related to RailAmerica Inc.
54 company pages related to Rail
44 in-depth reports of PE deals in the Transportation sector
38 in-depth transaction records for Fortress Investment Group LLC
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Skadden Arps
Idearc Inc.
Deutsche Bank
Amusement parks
Deb Shops
Windstream Corp.
Concho Resources
Hanna Andersson
Tween Brands
Edward Bastian

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? RailAmerica's NYSE debut loses steam Posted on October 13, 2009 5:30 PM Though it didn't quite go according to plan, RailAmerica Inc.'s initial public offering yielded its main backer, Fortress Investment Group LLC, a 27% partly realized gain on its two-year-old investment. The Jacksonville, Fla.-based railroad operator sold 10.5 million newly issued shares, and Fortress sold 11.5 million of the 41.85 million shares it had owned. At $15 a share, the $330 million offering priced Monday, below the anticipated per-share price range of $16 to $18. Still, the offering was 1 million shares bigger than expected. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 80 articles related to RailAmerica Inc. 54 company pages related to Rail 44 in-depth reports of PE deals in the Transportation sector 38 in-depth transaction records for Fortress Investment Group LLC 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.