Finance
Virgin Australia shares surge 8.3% on trading debut
Published by Global Banking & Finance Review®
Posted on June 24, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 24, 2025
1 min readLast updated: January 23, 2026
Virgin Australia shares rose 8.3% on their trading debut after a successful IPO, raising A$685 million and valuing the airline at A$2.32 billion.
SYDNEY (Reuters) -Virgin Australia shares opened 8.3% higher on Tuesday after raising A$685 million ($439 million) in an initial public offering, a transaction dealmakers hope will revive a flat-lining listings market.
The airline sold 236.2 million shares at A$2.90 each, valuing it at A$2.32 billion on a fully diluted basis.
The stock began trading at A$3.14, outpacing a 1.2% gain in the Australian benchmark S&P/ASX200.
(Reporting by Scott Murdoch; Editing by Jacqueline Wong)
Virgin Australia raised A$685 million ($439 million) in its initial public offering.
The stock began trading at A$3.14, which was an 8.3% increase from its IPO price.
Virgin Australia's shares outpaced a 1.2% gain in the Australian benchmark S&P/ASX200.
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