Virgin Mobile USA IPO

Jan 07 2005 - 12:26 AM ET | Virgin Mobile
The Wall Street Journal is reporting [paid subscription req.] on page A1 today that an IPO is in the works at Virgin Mobile USA. The company is a joint venture (50/50) between Sprint and Virgin Group. Details are scarce: bq. The size of any IPO for the U.S. venture is still unknown. But with wireless in vogue, Virgin could command a scarcity premium for shares in the company, as it is one of the few remaining pure-play wireless vehicles. Virgin Mobile U.K. had a $2 billion IPO last summer and there are rumors that a similar number is being tossed around in Virgin Mobile USA.