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Virgin Australia Holdings Limited has commenced trading on the Australian Securities Exchange (ASX) under the ticker code VGN. The listing is part of a A$685 million Initial Public Offering (IPO), representing 30.2% of the company's shares, with the remaining shares held by its pre-existing ownership group. This group includes Bain Capital, Qatar Airways Group, Virgin Group, and Queensland Investment Corporation. Shares were priced at A$2.90 each, valuing the company at approximately A$2.3 billion.
The IPO saw strong interest from both domestic and international investors during its offer period.
Peter Warne, Chair of Virgin Australia, commented on this development: “Today marks the beginning of an exciting new chapter for Virgin Australia as a publicly listed company,” he said. “Our listing reflects the remarkable work undertaken over the past five years to transform the airline and position it for long-term success."
