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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.

Virgin America Announces Pricing of IPO

Paul, Weiss client Virgin America Inc. announced the pricing of its initial public offering of approximately 13.3 million shares of its common stock at a price to the public of $23 per share. Virgin America is offering 13,106,377 shares. VX Employee Holdings, LLC, a Virgin America employee stock ownership vehicle, is offering 231,210 issued and outstanding shares as a selling stockholder. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,000,638 shares of common stock. The shares began trading on the NASDAQ Global Select Market on November 14, under the symbol "VA."

The Paul, Weiss team included corporate partner Tracey Zaccone and counsel Stephen Koo; and tax partner Jeffrey Samuels and counsel Alyssa Wolpin.

November 13, 2014

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