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Bain Capital to test investor ‘appetite’ on Virgin ASX return

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The Motley Fool Chief Investment Officer Scott Phillips says Bain Capital will be “testing the water” for investor “appetite” strength on Virgin ASX return.

“I haven’t seen any numbers just yet and Bain will be testing the water to see how strong investor appetite is,” Mr Phillips told Sky News Australia.

“Virgin is also saying they’re going to deliver a profit this financial year for the first time in quite a few years. “If you’re a seller, now is probably a very, very good time to at least test the waters and see what you might be able to get for Virgin if you do re-float it.”

 

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