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ECT News Community   »   E-Commerce Times Talkback   »   Re: Virgin Mobile IPO Gets Lukewarm Applause

Re: Virgin Mobile IPO Gets Lukewarm Applause
Posted by Keith Regan on 2008-07-20 12:52:52
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Virgin Mobile USA staged its long-anticipated initial public offering Thursday, raising more than $400 million in the process, but investors gave the shares a fairly modest boost out of the gate. Shares of the virtual network operator, which focuses on selling
pay-as-you-go mobile services to a largely young audience, priced late Wednesday at $15, the bottom end of the previously announced price range of $15 to $17. When they began trading mid-morning Thursday under the symbol "VM," the shares bumped up about 6 percent to $15.83.

 * Topic  Author  Date
Re: Virgin Mobile IPO Gets Lukewarm Applause  Keith Regan  2008-07-20 12:52:52
blyk  thewizardofod  2008-07-20 12:59:32
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