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Market Chatter: Bank of America, UBS Working With Vista Global on Potential Europe IPO

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Bank of America (BAC), UBS Group (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported Thursday, citing people with knowledge of the matter.

An IPO could happen next year and UAE-based Vista Global, which operates the VistaJet and XO brands, could be valued at more than $10 billion in the listing, the report said.

Bank of America, UBS, UniCredit and Vista Global did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $61.66, Change: $-0.57, Percent Change: -0.92%

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