Virgin Group may sell up to 25 million of its Virgin Galactic shares to bolster travel business hit by COVID-19

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Virgin Group's subsidiary Vieco 10 Ltd. said Monday it may sell up to 25 million of its shares of Virgin Galactic Holdings Inc. in an at-the-market offering. The company will use the proceeds to support its global leisure, holiday and travel businesses, that have been upended by the coronavirus pandemic and consumers comply with stay-at-home orders and other restrictions on movement. Virgin Galactic shares were down 6% premarket, but have gained 75% in the year to date, while the S&P 500 has fallen 11%.

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:

 /  🏆 3. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oooooof

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As COVID-19 Deaths Near 80,000, Trump Touts His Private Golf BusinessAs COVID-19 deaths near 80,000, Trump touts his private golf business Getting Trump to think about anything other than Trump is akin to getting fish to think about anything other than water. irresponsible in chief Just follow your normal routine don't worry about COVID-19
Source: YahooNews - 🏆 380. / 59 Read more »

Deloitte BrandVoice: The Essence Of Resilient Leadership: Business Recovery From COVID-19Resilient leaders are defined first by five essential qualities of who they are, and then by what they do across three critical time frames: Respond, Recover, and Thrive. Deloitte 😭😂
Source: Forbes - 🏆 394. / 53 Read more »