Virgin America IPO: Stock Surges 30.4% After Trading Debut – Zacks …

Low-cost airline Virgin America made an impressive debut on Nasdaq under the symbol ‘VA,’ riding on the favorable conditions prevailing in the U.S. aviation sector. Shares of the company jumped 30.43% ($7) to close at $30 on Nov 14. The company, partly owned by British billionaire investor Richard Branson, raised $307 million through the offering. Virgin America plans to use […]