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Article: Virgin Mobile USA IPO could ring up $100M.
- Article from:
- RCR Wireless News
- Article date:
- May 7, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MIKE DANO
Virgin Mobile USA Inc., the first mobile virtual network operator to launch in the United States, filed for an initial public offering in a move that signals the maturation of the MVNO segment of the wireless market in the United States in general and a notable step forward for Virgin Mobile USA specifically.
Virgin Mobile said that it has applied to have its stock listed on the New York Stock Exchange under the symbol "VM.'' Although the company said that "the number of shares to be offered and the price range for the offering have not yet been determined,'' a variety of media outlets reported that the IPO could raise up to $100 ...