September 26, 2007 |
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.