Virgin slashes share expectations
The group is said to be targeting a share price of 283p-333p, while it plans to raise £150m.
Virgin had originally planned to float in October, but this was delayed until the end of November due to a slump in the global markets which forced fellow challenger bank Aldermore to withdraw from its own flotation plans.
Jayne-Anne Gadhia, chief executive officer, said on Tuesday: “Our business performance remains strong and on Friday we published our Q3 trading update which demonstrates our continued growth momentum.”
Virgin declined to comment.