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Virgin Australia Unveils $572m IPO in Relisting Move
The Straits Times
|June 05, 2025
Bain Capital-controlled airline Virgin Australia will relist in a A$685 million (S$572 million) initial public offering (IPO), betting that investors are brushing off the turmoil caused by US President Donald Trump's trade war.
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SYDNEY -
The US private equity firm is selling 30 per cent of Virgin Australia at A$2.90 a share, it said on June 4, which will give the airline a market value of about A$2.3 billion, according to the terms of the sale.
The IPO is set to be the largest by an airline in Asia for a decade, data compiled by Bloomberg shows. Virgin Australia shares are due to start trading in Sydney on June 24.
Diese Geschichte stammt aus der June 05, 2025-Ausgabe von The Straits Times.
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