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Virgin America, the U.S. airline partly owned by billionaire Richard Branson, has filed for an initial public offering in the U.S.
The company hasn't revealed how much it plans to raise by going public yet, though its has previously said it plans to raise $115 million
Paperwork with the Securities and Exchange Commission discloses that the company posted revenues of $1.4 billion in 2013 and a net income of $10.1 million, marking its first year of profitablity. Branson's share of the company is 22%, which is run through a hedge fund Read more...
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