Fortress-Backed RailAmerica Files for IPO

RailAmerica Inc., a Jacksonville, Fla.-based short line and regional rail service provider, has filed for a $300 million IPO. It plans to trade on the NYSE under ticker symbol RA, with JPMorgan, Citi, Deutsche Bank and Morgan Stanley serving as underwriters. Fortress Investment Group took the company private in 2007 for $1.1 billion, including $450 million in equity.

Fortress Investment Group has completed its $16.35 per share buyout of