Allens has advised Goldman Sachs, UBS and Barrenjoey as joint lead managers and underwriters on the re-listing of Virgin Australia Holdings Limited (Virgin Australia) on the ASX.
The fully-underwritten IPO is expected to raise approximately $685 million at a share price of $2.90, implying a market capitalisation of $2.3 billion.
Virgin Australia's return to the ASX marks one of the most significant listings in recent years, following its acquisition by Bain Capital and extensive restructuring after entering administration in 2020.
'This transaction is a welcome development for Australian equity capital markets and we hope, a strong catalyst for renewed confidence in the Australian IPO market,' said Co-Head of Capital Markets and lead partner, Rob Pick.
'To see a private equity sponsored IPO of this size and scale, and a household name like Virgin to return to the ASX, is a fantastic outcome and a strong indicator that the public markets path to an exit remains a strong and viable option,' said Julian Donnan, Co-Head of Capital Markets
'We are delighted to have worked with Goldman Sachs, UBS and Barrenjoey on this strategically significant transaction.'
