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Virgin Galactic will sell 25 million shares,Raising approximately US$500 million

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Financial world2020-05-13

Virgin Galactic shares fell 3 after hours on Monday.1%,Up 69% year to date。

News on the 12th, Beijing time,Virgin Group owned by British billionaire Richard Branson said,May sell up to 25 million shares of its space tourism company Virgin Galactic,Raising approximately US$500 million,Coping with the impact of the epidemic。

The company stated,Plans to use proceeds from this offering to support its global leisure businesses affected by the COVID-19 pandemic、Vacation and Travel Portfolio。

Virgin Galactic shares fell 3 after hours on Monday.1%,Up 69% year to date。

Branson said last month,His two airlines are in urgent need of government support,In order to continue operating during the new coronavirus epidemic,And said that he has used one of his private islands in the Caribbean as collateral to raise funds。

188bet Online Sports Betting and Casino Financial world, author: Financial world,Original titleAfter mortgaging his private island, British billionaire plans to sell shares in space tourism company》.

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