Virgin Money is a British company partly owned by Richard Branson, an English business investor and magnate. Virgin Money is a company that offers financial services to the people and other establishments. As of now, the company is said to be negotiating the possible two billion Pound (approximately 3.32 billion Dollars) stock market listing. This information has been reported by Sky News. According to Sky News, the information was given to them by the people who are familiar or who are indirectly involved with the matter.
The initial timing of the release of the initial public offering or IPO is still yet to be decided. According to Sky News, the company might still wait until next year before releasing its initial public offering. Virgin Group, which is the owner of over 46.5 percent of Virgin, will have the chance to retain its ownership after the forthcoming IPO release.
If the 2 billion Pound stock market listing of Virgin Money will be pushed through, it will be a big hit. It will make the stock market stronger. As of now, we are still waiting for the word of Richard Benson. He has not yet given his official statement regarding on this matter.