
Virgin Australia revives ASX listing with A$685 million IPO as Bain trims stake to 40%
Bain Capital-owned Virgin Australia is set to return to the ASX after a four-year hiatus, offering shares at A$2.90 each to raise A$685 million and reduce Bain’s holding to 40%. Qatar Airways will retain a 23% stake, while management holds 7.8% and new investors pick up 30% of issuance.