Virgin Mobile USA Going Public.. IPO not announced
Early ReleaseVirgin Mobile USA is teaming up with Merrill Lynch (MER) and is confirmed to be preparing go public.
It is said that Virgin Mobile will be traded under the symbol VM on the New York Stock Exchange (NYSE).
Virgin Mobile USA is the US subsidiary of UK's Virgin Mobile and operates on Sprints CDMA-based Personal Communications Service (PCS) network. Virgin Mobile USA began operating in the USA in 2002 and is one of the first pre-paid providers in the US. Virgin Mobile has already grown to 5 million users.
Virgin MobileThe IPO (Initial Public Offering) date has yet to be announced.
Date of IPO and more information to come at midnight tomorrow.
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