Vista Global Holding Ltd., the private aviation group behind VistaJet and XO, is exploring an initial public offering in Europe to raise more than $1 billion. The potential listing could value the company at over $10 billion and may occur as soon as next year, according to people familiar with the matter.
Milan and Zurich are under consideration as possible listing venues, the sources said. The company has engaged Bank of America Corp., UBS Group AG and UniCredit SpA to advise on the potential offering, though discussions remain preliminary and no final decision has been made.
The fundraising target and valuation estimates are subject to change as talks progress. Vista Global operates a network of private jet services and is headquartered in the United Arab Emirates. A spokesperson declined to comment.
