Virgin Money UK, listed on the ASX, saw its shares rocket to an impressive 33.9% increase to A$4.110.

This marks the biggest intraday percentage gain since its listing in early 2016.

The company topped the gainer’s list in the ASX 200 benchmark index.

The stock’s trading level is observing its highest numbers since September 28, 2021, marking its third straight session of gains.

Virgin Money UK, the UK’s sixth-largest retail bank by assets, recently received a 2.9 billion pound ($3.71 billion) all-cash takeover offer from Nationwide Building Society, a notable corporation in Britain.

Virgin Money’s London-listed shares ended 35% higher at 214.70 pence on Thursday, which is slightly below the 220 pence per share offer.

Virgin Money UK is the United Kingdom’s sixth-largest retail bank by assets, as measured by market capitalisation.