Virgin Mobile Files for IPO

MVNO Virgin Mobile USA files registration statement with the SEC for an initial public offering on the NYSE

May 1, 2007

1 Min Read

WARREN, N.J. -- Virgin Mobile USA, a national provider of wireless communications services targeted at the youth market that launched in July 2002, announced today it has filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock.

The shares will be offered by the Company and certain selling stockholders. The Company intends to apply to list its common stock on the New York Stock Exchange under the symbol 'VM'.

The proposed initial public offering is being led by Lehman Brothers, with Merrill Lynch & Co. and Banc of America Securities acting as joint book- running managers.

The number of shares to be offered and the price range for the offering have not yet been determined. The offering will be made by means of a prospectus, copies of which, when available, may be obtained from Lehman Brothers, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY, 11717.

Virgin Mobile USA Inc. (NYSE: VM)

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