Vista Global Holding Ltd, the United Arab Emirates‑based private aviation group that operates the VistaJet and XO brands, is evaluating a European initial public offering. Sources familiar with the matter indicate the IPO could raise more than $1 billion and potentially value the company at over $10 billion. The firm is considering Milan and Zurich as possible listing venues, though the final venue has not been selected. Bank of America Corp., UBS Group AG and UniCredit SpA have been engaged to advise on the transaction. Deliberations are ongoing, and details such as the exact size of the offering and timing remain subject to change, with no final decision on proceeding having been made.