Vista Global explores Europe IPO to raise over $1 billion - Bloomberg

Vista Global Holding Ltd., a United Arab Emirates-based private aviation group operating services under the VistaJet and XO brands, is contemplating a European initial public offering that could raise over $1 billion, according to Bloomberg. The potential IPO, which could value the company at more than $10 billion, may take place next year, according to sources familiar with the matter.

Bank of America Corp., UBS Group AG, and UniCredit SpA are among the financial institutions working with Vista on the listing. Potential listing venues under consideration include Milan and Zurich. The private jet operator has not made a final decision on proceeding with the offering, as details such as the size and timing of the listing are still under deliberation.