Virgin America announces IPO filing
After long discussing the prospect of an IPO, Virgin America has announced today it intends to go public.
The initial public offering will help fund future growth, the airline said.
A filing has been submitted to the US Securities and Exchange Commission, but Virgin America has not yet said how many shares will be offered and the price range for the proposed offering.
Since its maiden flight in 2007, Virgin America has long mulled the prospect of going public.
Barclays and Deutsche Bank Securities will act as representatives of the underwriters for the proposed offering.
The airline flies mainly to large business-orientated cities in the US along with a smaller number of vacation destinations such as Fort Lauderdale and Palm Springs.
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