What is an IPO?

POSTED: 9:49 AM Feb 02 2012   UPDATED: 12:23 PM Jul 28 2014

As Virgin America file for an IPO, find out more about an initial public stock offering and what it means for a company.

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What exactly is an IPO and what does it means for the company? The Economic Times helps explain this complex process as Virgin America files for its initial public stock offering.