Virgin America, a U.S. airline that advertises high quality service at a low cost, filed for an initial public offering with the Securities and Exchange Commission, the company announced on Monday.
The airline said that the number of shares to be offered and the price range has not yet been determined. The New York Times reports that the company gave a placeholder fundraising target of $115 million, a figure that will likely change and only be used to figure out filing fees.
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