What we know so far
| Offer price: | $2.90 |
| Proposed code: | VGN |
| Expected raise: | $685,000,000 |
| Expected listing: | 26 June 2025 |
Airlines Virgin Australia is set to list on the Australian Securities Exchange (ASX). This means you'll soon be able to buy company shares through a broker.
Virgin Australia targeted a raise of $685,000,000 at $2.90 a share in its initial public offering (IPO). While the dates and prices may change, the company is pegged to begin trading publicly on the ASX on 26 June 2025.
Here's what we know about the initial public offering (IPO), including how to invest before it lists and how to buy in when it lists.
You can invest in pre-IPO stock through a participating broker or lead manager before the offer closes on 19 June 2025. In this case, the Virgin Australia IPO is being lead managed by Barrenjoey Markets Pty Limited, Goldman Sachs Australia Pty Ltd and UBS Securities Australia Limited.
If you're already registered with a broker, check if they're offering pre-listed stock or think about signing up to a participating broker.
However, it can be tricky for regular investors to participate in IPOs because only a few firms are usually allocated pre-IPO stock. In most cases, these are full-service brokers that require a large initial deposit.
Your other easier option is to buy shares in Virgin Australia once it goes public. You can do that through a share trading platform:
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Virgin Australia lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol VGN.
Barrenjoey Markets Pty Limited, Goldman Sachs Australia Pty Ltd and UBS Securities Australia Limited were appointed as lead managers with an expected raise of $685,000,000 at $2.90 per share. You can check out some of the key dates and figures in the table below:
| Virgin Australia IPO key numbers | |
|---|---|
| Offer price | $2.90 |
| Dividend yield | 0% |
| Total number of shares available under the offer | 236,200,000 |
| Proposed ASX code | ASX: VGN |
| Target market cap | $2,302,200,000.00 |
| Retail offer opens | 16 June 2025 |
| Retail offer closes | 19 June 2025 |
| Expected listing on ASX | 26 June 2025 |
| Expected dispatch of holding statements | 27 June 2025 |
According to latest information available, retail investors (regular investors) have between 16 June 2025 and 19 June 2025 to participate in the Virgin Australia IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
We currently don't have that product, but here are others to consider:
How we picked theseWe've scored over 30 share trading platforms assessing them for their core features, fees, customer experience and accessibility. Our experts give each platform a score out of 10.
Virgin Australia launched in 2000 by Richard Branson and Brett Godfrey and is headquartered in South Brisbane QLD 4101, Australia.
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