Virgin Galactic US$460m share offering
Virgin Galactic sold US$460m of new shares, its first follow-on after listing through a SPAC merger in 2019.
- Company
- Virgin Galactic
- Type
- Equity raise
- Status
- Completed
- Date
- 10 Aug 2020
- Value
- US$460.2m
- Value basis
- 23,600,000 shares at US$19.50 (US$460.2m), with a 30-day option for 3,540,000 more
- Region
- US
- Segment
- Listed equity
Parties
- Virgin Galactic issuer
Key terms
- Price
- US$19.50 a share
- Underwriters
- Credit Suisse, Morgan Stanley, BofA Securities, Barclays, Goldman Sachs, UBS, Cowen and Jefferies
- Use of proceeds
- General corporate purposes, including working capital and capex
Sources
- Virgin Galactic prospectus (Form 424B4): 23,600,000 shares of common stock sec.gov · 5 Aug 2020
Record ORB-INV-2020-0014. Investments are kept apart from the financings register and never counted in debt totals.
