A number of investment banks are eyeing the top ticket for Virgin Australia’s potential initial public offering, a transaction that is likely buoyed by the promise of a surge in revenue for the first half of 2023.
UBS and Barrenjoey, the latter through its connection to British bank Barclays, will also bring a wealth of European investor attention to the table, the people familiar said.BofA and Barrenjoey’s access to hefty balance sheets – enabling them to underwrite large capital markets offerings – could also work in their favour when pitching Virgin for its business.
Last November, Australia’s largest carrier delivered more than $1 billion in profit thanks to a surge in demand for air travel and increased airfares as international borders reopened. Qantas’ share price has jumped almost 37 per cent in the last six months.
Incredible and very good timing whilst they are pitching an IPO. I'm excited about shorting this garbage about 3 months after it lists. The first 3 months will involve manipulating the price so best to avoid that time period
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investment returns under threat from ‘values-based capitalism’One of the nation’s top bank analysts says Treasurer Jim Chalmers’ ambitions to remake capitalism signal a “significant change to a more interventionist approach to markets, finance and the economy.” A Labor socialist utopia does not exist, why break a functioning system? Sounds ominous Only in the short term however overwhelmingly returns will increase in the long term due to sustainable and stable productivity unlike the high frequency unsustainable and unstable peaks and crashes that require socially funded bailouts every 4 to 7 years that we have now.
Source: FinancialReview - 🏆 2. / 90 Read more »
Thodey: myGov investment would drive $3.2b benefitsA user audit of the myGov portal has called for a separate fund to make the online portal “smarter” and to accelerate the roll-out of an urgently needed national digital identity scheme. funkyprepper We need to make our officials look less like George Pell somehow. Government has cut deeming rates for pensioners who sell their home to downsize but only for those selling from 1st Jan. Those who sold before that date and are still building are still having the proceeds deemed at the higher rate and their pensions cut. Why?
Source: FinancialReview - 🏆 2. / 90 Read more »
Major investment in Adani Group fails to stop US$70bn slide in value following fraud allegationsAbu Dhabi’s International Holding Company to invest US$400m in Indian conglomerate as it tries to complete share sale
Source: GuardianAus - 🏆 1. / 98 Read more »