Yesterday
Why Bain’s Virgin can cross the public-private markets divide
It is ironic that Virgin launched its listing on the same day ASIC released 50 submissions into its public-private markets review.
Virgin Australia prepares for life on the ASX with big spending plans
The airline is set to return to the boards on June 24 following a five-year absence, after owner Bain Capital decided to proceed with a $2.90 per share float.
Inside Bain’s Virgin pitch, and the one number investors will fear
A tightly held pathfinder prospectus reveals all the key financial metrics that the airline’s potential new shareholders can look forward to.
The not-so-secret key to Virgin’s IPO? Qantas
Conditions are perfect for the listing with Qantas shares surging, oil prices down and domestic demand as strong as ever. But are we near the top of the cycle?
Fix the shrinking ASX before private markets, brokers urge ASIC
The corporate regulator is mulling feedback from almost 90 submissions on its review into Australia’s capital exchange.
Virgin to raise $685m as Bain signs off on airline’s ASX re-listing
Brokers are offering shares at $2.90 each, a discount to what rival Qantas trades at. Demand from fund managers, they say, has been running hot.
This Month
Land lease giant GemLife green-lights $2b ASX listing; bookbuild next week
GemLife is hoping to have the bookbuild wrapped up by next weekend, sneaking in its ASX debut before June 30.
‘IPO window definitely open’ says CEO who secured a $250m listing
A $250 million business coming to market will not solve listed investors’ “shrinking ASX” problem, but it shows there is a market for new ideas.
Koala pulls $100m IPO, plans to sleep through Trump tariffs
Fund managers were told the decision came down to the fact the US was a key growth market for Koala, but the current tariff uncertainty made forecasting difficult.
D-Day looms for Virgin Australia’s $4b return to the ASX
The airline’s owner, Bain Capital, and bankers Barrenjoey, Goldman Sachs and UBS have penned in a mid-week deadline to decide when to open books for the IPO.
May
Tetratherix joins the small-cap run for the ASX with $115m IPO
The start-up founded by University of Sydney researchers is trying to commercialise a new regenerative treatment and being advised by Barrenjoey and Morgans.
Virgin executives meet prospective investors ahead of IPO decision
Bain Capital dealmakers have been waiting for sharemarket turbulence to subside before deciding whether to proceed with the most anticipated float of the year.
Greatland Gold seeks to raise $50m for ASX listing
The West Australian gold and copper miner has launched its long-awaited initial public offering, paving the way for its shares to debut.
Brookfield spearheads La Trobe’s push for listed private credit trust
The Canadian giant, which is reeling from its disastrous investment in Healthscope, is taking the asset management and lending group into listed markets.
Core-plus infrastructure owner Infragreen launches IPO for $220m listing
Infragreen CEO Declan Sherman and chief financial officer Martin McIver are due to present to fund managers after Thursday’s market close.
Land lease giant GemLife eyes $700m-plus IPO at $2b val; roadshow on
GemLife is said to be hoping to sneak in a June bookbuild for a July float, although a final decision on timeline and pricing is yet to be made.
Buoyant business travel pushes Qantas over resurgent Virgin
Market share data, published by the competition regulator, means Virgin’s run as the country’s most popular domestic airline has ended.
NSW gold, copper hopeful LinQ Minerals launches IPO
Fund managers told Street Talk the brokers are seeking to raise $7.5 million to $10 million for a $25 million enterprise valuation.
Canadian Securities Exchange unveils venture exchange to take on ASX
The CSE will have to overcome headwinds but chief executive Richard Carleton believes it can shake up the dynamics in Australia, starting with acquiring NSX.
The ASX is on fire, Qantas is hot, IPOs are back. Where’s Virgin?
If Bain doesn’t have the guts to take Virgin to investors in the next few weeks, you have to ask if it is fair dinkum about returning the business to the ASX.