Street Talk

D-Day looms for Virgin Australia’s $4b return to the ASX

Sarah Thompson, Kanika Sood and Emma Rapaport

Updated Jun 1, 2025 – 8.08pm, first published at 6.44pm

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Virgin Australia’s private equity owner Bain Capital is expected to decide the timetable for its circa $4 billion float by Wednesday, in a deal that could mark the biggest local IPO in nearly four years and consummate the airline’s 2½-year-long efforts to relist on the ASX.

It’s show-time for Virgin Australia CEO Dave Emerson. Dallas Kilponen

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.