Virgin America reveals IPO pricing

Virgin America has announced the pricing of its initial public offering (IPO) 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, while VX Employee Holdings, 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 14 November 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.

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