Virgin Mobile IPO raises questions – Breakingviews - Virgin mobile ipo news
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Virgin Mobile USA, a venture of Sprint Nextel and Richard Branson's Virgin Group, raised $ million on Wednesday, with an initial public offering that priced at the low end of expectations. As of June 30, the company had million customers, compared with million at its. Richard Branson scored big with his UK cell phone group. Can he repeat with the $1bn valued float of his US mobile venture with Sprint?