Virgin America Collects USD 307 Million From IPO

17 November 2014. Virgin America collects about USD 307 million in its initial public offering.

The carrier offers common stock at price to the public USD 23 per share. In this IPO, total shares offered about 13.3 million shares.

Virgin America Airbus A320, Rotating Takeoff

The company claimed that they sold 13.1 million shares while the rest came from selling stockholders.

Virgin America is owned by Cyrus Capital. Virgin Group of UK holding is a minority stake.

The performance of the carrier was outstanding, the carrier recorded its first full year of profit in 2013. Whilst in 2014, Virgin reported the Q3 income was USD 41.6 million.