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Richard Branson to sell 25mn shares in Virgin Galactic to negate pandemic impact

Richard Branson to sell 25mn shares in Virgin Galactic to negate pandemic impact

Richard Branson’s Virgin Group may sell up to 25mn shares of its space tourism company Virgin Galactic Holdings to raise funds amid the COVID-19 pandemic. The company intends to use the sale proceeds to support its operations of global leisure, holiday and travel businesses that have been affected owing to the pandemic. On Fri’s closing price, the sale proceeds could be as much as $504.5mn.

Milan
Milan
Dear
Dear 5 months

"A billionaire gives away millions to keep his billions coming in" should be the actual title, speaks more truth

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