News
Virgin Australia relisting on local stock exchange this month
June 9th 2025
Virgin Australia (VA) has filed a prospectus with the Australian Securities Exchange to return to being a publicly listed company five years after it emerged from voluntary administration under new owners Bain Capital. Read More » The company is seeking to raise A$685 million (US$445 million) from the sale of 236.2 million shares at A$2.90 per share through an initial public offering (IPO). The 236.2 million shares represented 30.2% of shares on issue, with the remainder to be held by Bain Capital, Qatar Airways Group, the Queensland Investment Corporation and Sir Richard Branson’s U.K.-based Virgin Group. “After making significant progress in Virgin Australia’s transformation and with the backing of leading global airline Qatar Airways Group as a strategic investor, we believe it is now appropriate for the business to transition to a publicly listed company,” the newly appointed independent, non-executive chair of VA, Peter Warne, said. The IPO was expected to conclude on June 19, with the shares to begin trading on 24 June. “Virgin Australia is a simple, focused business with a transformed operational and commercial model,” VA CEO, Dave Emerson, said. “We have a clear strategy and an incredible team of people who deliver wonderful flying experiences to our customers every day.”
