NEW YORK: Virgin Mobile USA Inc, a venture of Sprint Nextel Corp and Richard Branson's Virgin Group on Tuesday set a price range of US$15 to US$17 a share for a planned initial public offering to raise up to US$467.5mil.
The mobile service provider, which focuses on the youth market, expects to price 27.5 million Class A common shares, according to a filing with the US Securities and Exchange Commission.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
