The offering values the Burlingame, Calif., airline at about $994 million and was priced near the top of the expected range of $21 to $24 a share. The carrier is selling 13.1 million shares and stockholders are offering the rest.
Virgin America, backed by British billionaire
Virgin America started flying in 2007 with the goal of being low-cost but high-flair. Its Airbus jets feature mood lighting, leather seats and seatback touch screens for watching TV, ordering drinks or chatting with passengers in other rows.