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Virgin America IPO would value company at $1 billion

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Virgin America is looking to raise as much as $368 million in an IPO, which would value the company at as much as $1 billion

According to documents filed with the Securities and Exchange Commission, the airline is planning to sell 13.3 million shares at between $21 and $24, which means the company could raise as much as $319.2 million. If demand warrants, the company may put up an additional 2 million shares, which would bring the total raised to $368 million

It's not clear when the IPO would occur; reps from Virgin America could not be reached for comment.

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