Virgin Mobile, in a move to strut their status, has filled for an IPO which will take the company public and launch its shares for the public to trade. It's no surprise to anyone that Virgin Mobile is a highly successful virtual operator over here in the states, so this move only shows us the level on which this company has grown. Virgin Mobile will be listed under "VM" respectively and it has been predicted that they will generate an estimated $100 million with their entrance into the marketplace. Sprint / Nextel, the carrier representative for their American branch, will probably receive a nice amount of that $100 million, but we all know that when one gets a large sum of cash debt is the first place we go. Good job Virgin Mobile, you've not let everyone know how successful you are.
Cheers,
John
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