Virgin America Announces Pricing Of Initial Public Offering
SAN FRANCISCO, Nov. 13, 2014 /PRNewswire/ -- Virgin America Inc. (NASDAQ: VA) today 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.
The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by emailing: [email protected]; or Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone at (800) 503-4611, or by emailing: [email protected].
About Virgin America: Headquartered in California's Silicon Valley, and known for its mood-lit cabins, three custom-designed classes of service and innovative fleetwide amenities — like touch-screen personal entertainment, WiFi and power outlets at every seat, Virgin America has built a loyal following of flyers and earned a host of awards since launching in 2007. Virgin America has more than 2,800 teammates and its base of operations is San Francisco International Airport (SFO)'s sleek and sustainable Terminal 2. The airline currently flies to San Francisco, Los Angeles, New York (JFK and LGA), Newark, Washington D.C. (IAD and DCA), Las Vegas, San Diego, Seattle, Boston, Fort Lauderdale, Orlando, Dallas Love Field, Los Cabos, Cancun, Chicago, Puerto Vallarta, Palm Springs (seasonal), Portland and Austin.
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SOURCE Virgin America
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