Bain Capital seeks to relist Virgin Australia

In what appears to be one of Australia’s largest initial public offerings (IPOs) in 2023, Bain Capital is keen to relist Virgin Australia. Bain is planning to seek advice on the timing and structure to return the airline to Australian Securities Exchange but a final decision has not yet been taken. Mike Murphy, Partner at Bain Capital, said: “The carrier had delivered an impressive transformation since it was plucked out of administration and near-demise for $3.5 billion in 2020. In the coming months we will consider how to best position Virgin Australia for continued growth and long-term prosperity. It is