A Malaysia-based business journalist with Bloomberg reports that VistaJet and XO parent Vista Global is considering an IPO.
The Elffie Chew byline indicates that the possible IPO is tied to Vista Global closing an agreement to sell convertible preference shares.
9fin reported Vista Global was attempting to raise funds through a convertible preferred equity raise first in November and then last month.
The most recent 9fin report pegged the raise at “around $800 million.”
Bloomberg also identified the potential investor as a consortium led by Singapore-based RRJ Capital.
However, the numbers changed.
Bloomberg reports, “A consortium led by RRJ Capital is nearing an agreement to buy more than $600 million of convertible…
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