Virgin Australia launches IPO
04 Jun 2025
It just launched its A$685 million initial public offering.
Owner US private equity group Bain Capital, will see its ownership stake drop by nearly half from 70% to 39.4%.
New minority shareholder Qatar Airways will retain a 23% stake.
The share issue values the airline at about A$2.3 billion.
Virgin Australia shares will start trading on the ASX on 24 June.
The airline went into administration in 2020 and was acquired by Bain Capital.
It cut back heavily on international flying as a result of its financial difficulties but with investment and a partnership with Qatar Airways it is set to expand international flying again.
Virgin and Qatar Air are set to launch 28 new weekly flights between Doha several Australian cities staring this month.
