9th Aug 2021 06:56
(Alliance News) - Virgin Atlantic Airways is planning to list on the London Stock Exchange to take advantage of investors expectations of a quick economic recovery in international travel, the Financial Times reported on Sunday.
The Crawley, West Sussex-based long-haul carrier has been talking to fund managers about a listing as early as this autumn, the newspaper reported, citing "a person familiar with the matter".
The initial public offering will be led by bankers from Citigroup Inc and Barclays PLC, the FT said, noting this was first reported by Sky News. Virgin boss Richard Branson would likely lose his majority stake, it added.
https://www.ft.com/content/bc759a50-5e0e-4a23-9034-03b13ecda942
https://news.sky.com/story/virgin-atlantic-takes-flight-with-surprise-plot-to-land-on-london-stock-market-12375314
By Josie O'Brien; [email protected]
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