Virgin Australia Holdings Ltd (VGN AU) is an Australian airline company. Virgin Australia Holdings Ltd plans to list on the Australian Securities Exchange (ASX) on June 24, 2025, with an IPO price of AUD 2.90.
The offering aims to raise AUD 685.00 million (USD 444.50 million), valuing the business at AUD 2.3 billion (USD 1.49 billion). This IPO structure reportedly involves selling 30% of the business to the public. According to sources, private equity owner Bain Capital will reduce its holding to 40%, while Qatar Airways will retain its 23% stake. The managers of the offering include Barrenjoey Markets Pty Ltd, Goldman Sachs Australia Pty Ltd, and UBS Securities Australia Ltd.