Overview
- Institutional and anchor investors have backed the A$685 million share sale at A$2.90 per share, with bookbuild commitments secured ahead of schedule.
- Bain Capital’s holding will shrink from about 70% to 39.4%, while Qatar Airways maintains a roughly 23% stake.
- Strong demand reflects a recovery in domestic travel and expectations that the float signals robust consumer spending in Australia.
- The IPO values Virgin Australia at A$2.32 billion on a fully diluted basis and is set to begin trading on the ASX in late June.
- As part of its revival, the carrier plans to resume long-haul services through its partnership with Qatar Airways, bolstering its international network.