Virgin America Inc. (San Francisco) premiered today on Wall Street. The airline previously issued this statement on the Initial Public Offering (IPO):
Virgin America has announced the pricing of its initial public offering of 13,337,587 shares of its common stock at a price to the public of $23.00 per share. Virgin America is offering 13,106,377 shares. VX Employee Holdings, LLC, a Virgin America employee stock ownership vehicle, is offering 231,210 issued and outstanding shares as a selling stockholder. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,000,638 shares of common stock. The shares are expected to begin trading on the NASDAQ Global Select Market on November 14, 2014, under the symbol “VA.”
Barclays and Deutsche Bank Securities are acting as lead joint book-running managers for the offering. BofA Merrill Lynch, Cowen and Company, Goldman Sachs & Co., Imperial Capital, LOYAL3 Securities and Raymond James are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Read the analysis by Bloomberg Businessweek: CLICK HERE
Copyright Photo: Brian McDonough/AirlinersGallery.com. Airbus A320-214 N849VA (msn 4991) with the special “Giants-Fly Together” markings arrives in Washington (Reagan National).
Video: On October 29, 2014, San Francisco Giants fans on Virgin America flight 717 from Dallas Love Field (DAL) to San Francisco International Airport (SFO) cheered their hometown team to victory in game seven of the World Series from 35,000 feet thanks to the airline’s live television at every seat.