Virgin America files for initial public offering

MarketsAssociated Press

Virgin America's next destination is Wall Street.

The California-based airline filed on Monday for an initial public offering of shares.

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Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. The company offers a variety of perks, such as live TV, movies, leather seats and purple mood lighting.

For the purpose of the filing with the Securities and Exchange Commission, the company said it could raise as much as $115 million, but that number is likely to change.

The company did not say when it expects the IPO to happen or how many shares it plans to sell.