Virgin America files plans for an IPO
Virgin America, the California-based airline known for its upscale service and low fares, on Monday announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Barclays and Deutsche Bank Securities are acting as joint book-running managers and as representatives of the underwriters for the proposed offering.
A registration statement relating to the offering of Virgin America’s securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Virgin America operates out of Los Angeles and San Francisco with a fleet of 53 aircraft. They fly to 22 airports across the United States and Mexico. The airline carried 6.3 million passengers last year, and turned a profit for the first time earning $10.1 million.
