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Rico Merkert, Professor in Transport and Supply Chain Management and Deputy Director, Institute of Transport and Logistics Studies (ITLS), University of Sydney Business School, University of Sydney

Virgin Australia is coming back to the share market. Here’s what this new chapter could mean

Virgin Australia Virgin Qantas Australia Bain Bain Capital the Australian Securities Exchange IPO Qatar Airways
Petr Podrouzek/Shutterstock

It is finally happening. After five years of being a private company, Virgin Australia will relist on the Australian Securities Exchange (ASX) on June 24. The company is expected to raise A$685 million through the initial public offering (IPO).

So, who will benefit from Virgin Australia’s return to the share market? Having paid $3.5 billion for the bankrupt carrier back in 2020, private equity firm Bain Capital will be the most immediate winner.

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