Virgin Money IPO Benefits the U.K. Government

The video discusses the IPO of a company with an offer price of 283 pence, resulting in a market cap of 1.25 billion pounds. The IPO was postponed due to market volatility, which affected many companies in mid-October. Despite the delay, the company proceeded with the IPO at the lower end of the price range. The video also explores the transformation of Northern Rock into Virgin Money, highlighting the bank's history and the government's financial involvement in the IPO.

What was the market cap of Virgin Money after the IPO?

How much will the government receive as part of the IPO?