Virgin Mobile USA Plans $100 Million IPO; In Red Since Launch

At last, Virgin Mobile USA is ready to go IPO. The Virgin Group-Sprint Nextel JV filed for an IPO that could bring in up to $100 million on the NYSE. The symbol: VM. The company, which has nearly 5 million customers, lost $36.7 million in 2006 on revenue of $1 billion and has been in the red since it’s launch in 2002. More details at our sister site MocoNews.net.

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