Get the essential facts on the Virgin Australia IPO – offer size, valuation versus Qantas, and the top risks. Learn whether the shares deserve a place in your portfolio.

Virgin Australia is set to return to the stock market after a five-year absence, with the Bain Capital-owned airline launching a A$685 million ($443 million) initial public offering on Wednesday amid a rebound in domestic tourism.

Five years after collapsing into administration, the country’s second-largest airline will finally return to the ASX on Tuesday. There is a lot at stake.