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
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