Virgin Australia Holdings Ltd
VGN: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| v.l | LOCK|@? | LOCK|l^<$&ZK |
Virgin Australia: Shares Priced Sky High on Return to the Australian Securities Exchange
Virgin Australia has returned to the ASX, with shares closing at AUD 3.23 on the first day of trade, about 11% above its initial public offer price of AUD 2.90. Now targeting a midmarket value proposition, Virgin's fares are between Qantas' full-service offering and its budget subsidiary Jetstar.
