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.
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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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