10.05.2007

Virgin mvno to go public
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From the Business world and the GLOBE is getting smaller dept...Virgin Mobile, the mobile virtual network operator(MVNO) kicked off by spacefarer and record promoter Richard Branson, is set to go public. While initially the company planned to sell $100 million worth of securities, over the past 3 months this has been revised upward to $500 million, which will make the company's market cap over $1 billion. It will start trading under the symbol "VM" on the NYSE

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