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Virgin Mobile Usa Inc

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BUSINESS
October 12, 2007 | From Times Wire Services
Virgin Mobile USA Inc. shares rose 5% in their market debut Thursday as concerns about the cellphone service's growth prospects prompted one analyst to give it a "sell" rating. The venture of Sprint Nextel Corp. and Richard Branson's Virgin Group raised $412.5 million in its initial public offering, selling 27.5 million shares for $15 apiece, at the low end of a forecast range of $15 to $17. The stock initially rose 11% to $16.63 before retreating to close at $15.75.
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BUSINESS
October 12, 2007 | From Times Wire Services
Virgin Mobile USA Inc. shares rose 5% in their market debut Thursday as concerns about the cellphone service's growth prospects prompted one analyst to give it a "sell" rating. The venture of Sprint Nextel Corp. and Richard Branson's Virgin Group raised $412.5 million in its initial public offering, selling 27.5 million shares for $15 apiece, at the low end of a forecast range of $15 to $17. The stock initially rose 11% to $16.63 before retreating to close at $15.75.
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BUSINESS
September 26, 2007 | From Times Wire Services
Wireless phone venture Virgin Mobile USA Inc. boosted its planned initial public offering to as much as $538 million, the second increase since the sale was announced in May. The total assumes an offering price of as much as $17 a share, Virgin Mobile said Tuesday in a regulatory filing. The company plans to sell as many as 31.6 million shares. In July, Virgin Mobile said it would raise as much as $506 million, five times as much as initially proposed.
BUSINESS
September 26, 2007 | From Times Wire Services
Wireless phone venture Virgin Mobile USA Inc. boosted its planned initial public offering to as much as $538 million, the second increase since the sale was announced in May. The total assumes an offering price of as much as $17 a share, Virgin Mobile said Tuesday in a regulatory filing. The company plans to sell as many as 31.6 million shares. In July, Virgin Mobile said it would raise as much as $506 million, five times as much as initially proposed.
BUSINESS
July 29, 2009 | Martin Zimmerman
Sprint Nextel Corp. said Tuesday that it was buying Virgin Mobile USA Inc. for $483 million, further narrowing the range of consumer choices for prepaid cellphone service. Sprint said it would pay $5.50 for each Virgin Mobile share and assume up to $205 million in debt. Payment will be mostly in Sprint shares. The Overland Park, Kan., company already owns 13.1% of Virgin Mobile, which operates its cellphone service over Sprint's network.
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