Australia-based airline Virgin Australia commences trading on the Australian Securities Exchange (ASX)
Unfiltered, Unleashed: Get the Lowdown on Virgin Australia's 2025 IPO
24 June, 2025
Airline BuzzStock Market Shake-upVirgin Australia's Transformative Moment
Want a quick read? Here's the scoop: Virgin Australia, one of Australia's major airlines, listed on the Australian Securities Exchange (ASX) on June 24, 2025. The Initial Public Offering (IPO) raised A$685 million and marked a huge milestone in the airline's transformation. The IPO valued the company at approximately A$2.3 billion.
Now, let's dive in:
Sydney, Australia - 24 June 2025: Virgin Australia Holdings Limited (Virgin Australia) has officially set foot on the Australian Securities Exchange (ASX), kicking off a new era for the airline. The ticker code they landed with? VGN. This move represents a significant turning point in Virgin Australia's evolution and growth.
The A$685 million Initial Public Offering (IPO) represents 30.2% of the company's shares on issue, with the remaining equity owned by Bain Capital, Qatar Airways Group, Virgin Group, and Queensland Investment Corporation. Shares were priced at A$2.90, giving Virgin Australia a valuation of around A$2.3 billion.
The listing followed a successful offer period, characterized by strong interest from both domestic and international institutional and retail investors.
Word from Virgin Australia's Chair, Peter Warne: "This is the dawn of a thrilling chapter for Virgin Australia as a publicly listed company. Our listing showcases the remarkable effort put into regenerating the airline and setting it on a path towards lasting success. It's great for our people and the travelers relying on Virgin Australia for a robust and competitive alternative."
Words from Virgin Australia's CEO, Dave Emerson: "Virgin Australia is stepping into a new phase, armed with a clear strategy, streamlined operating and commercial models, and a dedicated team who bring a touch of magic to every flight. We're proud of our strides and excited about the opportunities ahead as we pursue our ambition of becoming Australia's most adored airline."
In gratitude for their vital role in the airline's success, eligible employees will receive a Take-Off Grant of A$3,000 in share rights. These will transform into common shares after a 24-month vesting period, provided the employee remains a Virgin Australia Group employee.
Virgin Australia ranks as the second-largest airline group in Australia, operating more than 100 aircraft across 76 domestic and short-haul international routes. Supported by Velocity Frequent Flyer, one of Australia's largest loyalty programs, Virgin Australia offers access to over 650 destinations through partnerships with global airlines, including recently launched long-haul services between Australia and Doha via Qatar Airways.
At the time of writing, Virgin Australia shares were trading on a conditional and deferred settlement basis, with normal trading expected to begin on June 26, 2025.
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Sources:[1] ABC News Australia, , June 24, 2025. [2] CNBC, , June 24, 2025. [3] Forbes, , June 24, 2025. [4] Financial Review, , May 26, 2025. [5] AFR, , June 24, 2025.
Businesses and finance were instrumental in Virgin Australia's 2025 Initial Public Offering (IPO), as the airline raised A$685 million and marked a significant transformation in the company's history. On June 24, 2025, Virgin Australia listed on the Australian Securities Exchange (ASX) under the ticker code VGN. The successful IPO situated the airline as the second-largest in Australia, with a valuation of around A$2.3 billion.
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