Virgin America has announced the pricing of its initial public offering, which will be placed at $23.00 per share.
The airline is releasing 13,337,587 shares of its common stock to the public, 13,106,377 of which are its own and 231,210 of which belong to VX Employee Holdings, a Virgin America employee stock ownership vehicle.
In addition, certain 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.
Barclays and Deutsche Bank Securities are acting as lead joint book-running managers for the offering.