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Bain Capital Exclusive: Pushback on Virgin IPO Explained

Bain Capital, a US buyout firm, has decided to postpone its plans for an initial public offering (IPO) of Virgin Australia airline.

Virgin Australia IPO Postponed as Bain Capital Monitors Market Conditions, But Reports First Profit in 11 Years. PHOTO: Oli Scarff/AFP/Getty Images

According to sources familiar with the matter, the IPO is now expected to happen in 2024. The firm will closely monitor market conditions in the coming year to determine the most suitable timing for the listing.

Bain Capital had initially targeted a listing for Virgin Australia in November this year

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