A listing of Australia's second-biggest carrier would likely be one of the country's largest initial public offerings in 2023 after capital markets activity plunged last year amid global financial market uncertainty.
Bain said it would seek advice on the best timing and structure to return the airline to the Australian Securities Exchange but added that no decisions had been made as to if and when that would happen. Travelers stand at a Virgin Australia Airlines counter at Kingsford Smith International Airport, following the coronavirus outbreak, in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File PhotoPrivate equity-led IPOs in Australia have seen such firms typically sell at least 50% of their stakes to ensure liquidity is available for investors in the deal.
Aviation market conditions have improved substantially since then after Australia's state and international borders reopened. Virgin has also rebuilt its Boeing Co
I understand what this means
Bain is just like BCG “Boston Consultant Group”. They infiltrate companies to deplete their assets so they go into Bankruptcy. They work with Hedge Funds to short the stock. Just ask toys “R” Us, Sears, Blockbuster, GameStop, KB toys and so many more. Mitt Romney is a fraud
I'd run a mile.