Virgin share demand ‘well in excess of the offer’, say brokers

Virgin share demand ‘well in excess of the offer’, say brokers

The airline is set to return to the ASX on June 24 after a five-year absence after its owner, Bain Capital, decided to proceed with a $2.90 per security float.

VIRGIN AUSTRALIA: Stock market (ASX) comeback about to take off

Virgin Australia is heading back to the ASX (Australian Stock Exchange). Five years after crashing into administration and being rescued by private equity firm Bain Capital, the airline is relaunching itself on the sharemarket. Its banking on a $2.3 billion valuation and strong interest from investors keen to board early. Shares are expected to start trading on June 24, with Bain offloading 30% of the company at AU$2.90 per share. That leaves Ba…