News
Virgin Australia posts gains after local relisting
June 25th 2025
Shares in Virgin Australia (VA) increased 11.4% on June 24 after its Initial Public Listing (IPO) and return to the board of the Australian Securities Exchange (ASX). Read More » VA closed the trading day at A$3.23 (US$2.10), an increase of 33 cents from the IPO price of A$2.90 a share. The IPO raised A$685 million for Bain Capital, VA’s largest shareholder. The U.S. headquartered private equity firm bought into VA after it entered voluntary administration in 2020. The shares on issue represented about 30% of Australia's second largest airline group, with the remainder of them held by Bain (about 40%), Qatar Airways (about 23%), Sir Richard Branson's U.K.-based Virgin Group and the Queensland Government's investment arm. “Virgin Australia is entering its next phase with a clear strategy, simplified operating and commercial models and an amazing team of people who bring Wonderful to flying every day,” VA CEO, Dave Emerson, said. VA chair, Peter Warne, added: “Our listing reflects the remarkable work undertaken in the past five years to transform the airline and position it for long-term success. It is great news not just for our people, but for travellers who rely on Virgin Australia being a strong, resilient and competitive airline.”
