Did you see Qantas Airways shares quietly finish last week at an all-time high? Bain Capital certainly would have. If Qantas keeps running, it’s the boost that could finally get Virgin Australia’s float off the tarmac and in front of investors.
It sounds crazy given the market’s roller coaster ride in the past two months and the IPO market’s finickiness (particularly in Australia), but there is confidence in the Virgin camp that this deal has a pulse. Someone set a June 30 deadline and the push is now on.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.