Sydney, Australia – 24 June 2025: Virgin Australia Holdings Limited (Virgin Australia) has made a significant leap by debuting on the Australian Securities Exchange (ASX) with the ticker code VGN. This move, underpinned by the A$685 million Initial Public Offering (IPO), represents a pivotal moment in the airline’s evolution and expansion. The IPO, accounting for 30.2% of the company’s shares, has garnered substantial interest from various investors, both local and international, showcasing a strong demand for Virgin Australia’s shares.
The IPO places the airline’s value at around A$2.3 billion, with shares priced at A$2.90 each. Notably, the majority of the equity remains with existing stakeholders, including Bain Capital, Qatar Airways Group, Virgin Group, and Queensland Investment Corporation. This listing follows a successful offer period, highlighting the confidence in Virgin Australia’s future trajectory and strategic positioning in the market.
Commenting on this milestone, Peter Warne, the Chair of Virgin Australia, expressed enthusiasm for the airline’s listing as a publicly traded entity. He emphasized the significant progress made over the past five years to revamp the airline, setting a foundation for sustained success. Warne noted the listing as a positive development for both the company’s workforce and passengers, affirming Virgin Australia’s commitment to being a robust, resilient, and competitive airline.
CEO Dave Emerson echoed these sentiments, outlining Virgin Australia’s clear strategy, streamlined operational frameworks, and a dedicated team focused on enhancing the flying experience. He commended the airline’s journey thus far and expressed optimism about the future, underscoring the goal of becoming Australia’s most beloved airline.
In a show of appreciation for their contributions, eligible employees will receive a Take-Off Grant comprising A$3,000 in share rights, reflecting the company’s commitment to its workforce’s success and growth alongside the business. This initiative aims to align the interests of employees with the company’s performance, fostering a sense of ownership and pride among the team members.
Virgin Australia, as the second-largest airline group in Australia, operates a fleet of over 100 aircraft across a network of 76 domestic and short-haul international routes. Supported by the expansive Velocity Frequent Flyer program, the airline offers customers access to a vast array of destinations globally through strategic partnerships with international carriers. The recent commencement of long-haul services between Australia and Doha in collaboration with Qatar Airways further underscores Virgin Australia’s commitment to expanding its reach and service offerings.
As Virgin Australia shares begin trading on a conditional and deferred settlement basis, the company anticipates normal settlement trading to commence shortly, signaling a new phase of growth and opportunity for the airline in the Australian market. This listing on the ASX not only marks a pivotal moment in Virgin Australia’s corporate journey but also sets the stage for enhanced visibility, investor engagement, and potential avenues for further expansion and innovation within the aviation sector.
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