Wednesday April 8, 2020

The week that was: Branson aims for the stars

Also: Smurfit Kappa on trend

3rd November, 2019
2

Virgin Galactic, the space tourism company launched by Richard Branson in 2004 (see below), made its debut on the stock market on Tuesday. It went public through a merger with Social Capital Hedosophia Holdings, a publicly traded shell company. Branson retains a 51 per cent stake. Shares opened at $12.34 on the New York Stock Exchange, with the company’s market value reaching a peak of about $2.3 billion. The share price fell back to about...

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