Virgin Australia has returned to the Australian Stock Exchange (ASX) with a massive swing in its share price.

Chief Executive Dave Emerson rang the bell at the ASX this morning to mark the biggest initial public offering of the year.

It marks a comeback for the Airline after it was delisted from the ASX, and went into administration in 2020.

It was then bought by private equity firm Bain Capital for $3.5 billion.

Qatar Airways then bought a 25 per cent stake in the airline, in February this year.

Today, 30 per cent of the company was floated on the stock exchange, giving public investors a chance to get on board.

The listing marks the biggest IPO of the year, and today, Emerson, was celebrating with a sale on flights.

That includes $49 one way flights from Sydney to Ballina, $89 flights from Melbourne to the Gold Coast, and $219 tickets from Brisbane to Perth.

Sydney to Fiji will go for $595 and Gold Coast to Bali will be just $489

Qantas has been dominating on the ASX in Virgin's absence, with its own shares soaring 70 per cent in the last year 

Virgin shares went from $2.90 to $3.13 today.

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