Virgin Australia seeks to raise $442.8 million in IPO, term sheet shows
June 4 (Reuters) - Bain Capital-owned Virgin Australia (IPO-VIR.AX), opens new tab is looking to raise A$685 million ($442.78 million) in an initial public offering, according to a term sheet seen by Reuters on Wednesday.
The company has set the offer price at A$2.90 per share and the offer size reflects 30% of Virgin's total issued capital.
Bain Capital did not immediately respond to a Reuters request for comment.
($1 = 1.5470 Australian dollars)
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