Virgin Australia, a leading Australian airline owned by private equity firm Bain Capital, has announced plans to return to the Australian stock market through an initial public offering (IPO) valued at AUD 685 million (approximately USD 443 million). According to the prospectus reviewed by Reuters on Wednesday, Bain Capital intends to sell about 30% of its stake in Virgin Australia at a fixed price of AUD 2.90 per share. This move marks a significant step in Bain’s strategy to partially divest from the airline following its financial restructuring and recovery.