Virgin Australia Set to Rejoin ASX with $685 Million IPO

Trading is expected to commence on the ASX on June 24.
Virgin Australia Set to Rejoin ASX with $685 Million IPO
The Virgin Australia logo in an airport in Perth, Western Australia, on Oct. 24, 2024. Susan Mortimer/The Epoch Times
Naziya Alvi Rahman
Updated:
0:00

Virgin Australia has formally declared its plans to relist on the Australian Securities Exchange (ASX), marking a major milestone in its post-pandemic recovery.

The airline, which was delisted in 2020 following its voluntary administration during COVID-19, has submitted a prospectus to the Australian Securities and Investments Commission (ASIC), signalling the beginning of a public offering worth $685 million.

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].