Virgin Mobile aims for $506 million in IPO
By Chris Ziegler 
posted Jul 20th 2007 1:40PM
posted Jul 20th 2007 1:40PM
Lying in sharp contrast to Amp'd's less-than-stellar fortunes, Virgin Mobile USA -- a joint venture of Virgin and Sprint operated very differently from its European cousin -- is actually hoping to do even better than originally expected. The MVNO had said in May that it hoped to raise up to $100 million through an initial public offering of shares (stock symbol "VM" in case you're curious), but that figure has now skyrocketed up to a rather shocking figure of $508 million. Virgin Mobile hopes to use the cash to pay off a handful of debts it accrued in the process of getting its business off the ground, something Amp'd hasn't quite managed to do just yet.
First they need some customers.
Stock Symbol is actually VMED
Actually I think most people would be surprised how many active virgin mobile customers there are. I know quite a few people in several states who use them because they TRULY do not want a monthly bill (if you have Verizon then you'd KNOW EXACTLY WHAT I MEAN). My Nana actually uses them. & I have friends both younger and older in several different state that use them. They have simple phones, that do simple things & some people really just want that. By the way I am NOT one of those people lol.
Looks like a red pringles potato chip.