The airline said: "A Prospectus has today been lodged with the Australian Securities and Investments Commission (ASIC) and filed with the ASX."
Virgin Australia is the country’s second-largest airline group and has been revitalised under the ownership of Bain Capital.
It operates a fleet of more than 100 aircraft on 76 routes to 38 destinations across its domestic and short-haul international airline business.
The IPO is comprised of an offer of 236.2 million fully paid ordinary shares at an offer price of $2.90 per share, raising A$685 million to allow certain existing equity holders the opportunity to realise part of their investment in the company.
On completion, investors participating in the offer are expected to hold 30.2% of shares on issue, with the remainder being held by existing investors, which include Bain Capital, Qatar Airways Group, Virgin Group, and Queensland Investment Corporation.
“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,” said Virgin Australia chairman Peter Warne.
“This provides an opportunity for new investors to share in the success of Virgin Australia as the airline enters its next phase.
“I commend all those involved in orchestrating Virgin Australia’s remarkable turnaround and setting the business up for long-term success.”
“I commend all those involved in orchestrating Virgin Australia’s remarkable turnaround and setting the business up for long-term success.”
* Virgin Australia currently expects to list on the ASX on Tuesday, June 24, 2025.
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