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Virgin Australia (ASX:VIR) Targets AUD 685 Million IPO, Valuing Company at AUD 2.32 Bn

Wed 04 Jun 25, 02:10 AM |

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Highlights

Virgin Australia, Australia's second-largest airline behind Qantas (ASX: QAN), is planning an initial public offering (IPO) to raise approximately AUD685 million (AUD442.78 million USD), according to a term sheet reviewed by Reuters on Wednesday. The airline has set the IPO offer price at AUD2.90 per share.

The planned IPO involves the sale of 236.2 million shares, representing 30% of Virgin Australia’s total issued capital. This share placement values the company at AUD2.32 billion on a fully diluted basis.

Including its net debt of AUD1.31 billion, Virgin Australia’s enterprise value is estimated at AUD3.6 billion. The net debt figure reflects the airline’s financial obligations and is factored into the overall valuation of the business.

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