US EditionVirgin Australia shares lift as airline returns to trade on ASX
- Virgin Australia shares rose 11.4% to $3.23 after its IPO priced at $2.90 per share, raising $685 million for the company.
- Before its IPO, Bain Capital's stake in Virgin Australia decreased to about 40%, while Qatar Airways retained around 23% as of the prospectus.
- Virgin Australia reported a forecast of $219 million profit for this financial year, targeting premium and cost-conscious customers.
- CEO Emerson stated that the partnership with Qatar Airways is structured to focus on domestic business, mitigating potential impacts from long-haul demand fluctuations.
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According to the original report, Virgin Australia, controlled by Bain Capital, has managed to raise A$685 million (equivalent to $444 million) in an impressive initial public bid.This market debut has marked the return of the Australian airline to the stock market after several years of absence.With an 11% increase in the price of its shares, they closed on Tuesday at A$3.22, indicating a strong interest on the part of investors.The biggest ret…
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Leaning Left8Leaning Right3Center4Last UpdatedBias Distribution53% Left
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C 27%
R 20%
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