Virgin America has raised about $307 million in its initial public offering (IPO), according to Reuters. The California-based carrier offered 13.3 million shares of its common stock at a price to the public of $23 per share. It sold 13.1 million shares while the rest came from selling stockholders, according to a company statement. Virgin America is owned by Cyrus Capital, with the UK’s Virgin Group holding a minority stake. Virgin America was launched in 2007 with Virgin Group ...

Subscribe to Access this Entire Article

"Virgin America raises $307 million in IPO" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.