Virgin Mobile the new IPO
In an ever crappy environment of our financial situation (just look at the dollar’s value), it looks like Virgin Mobile is applying to become the new IPO in technology. It actually did it to pay for its debts and fund operations (long after the norm was to go IPO so you could be an instant millionaire). It looks to sell 27.5 million shares at roughly 16 dollars and raise 467.5 million. There is some sort of cash advance/credit that they have with Sprint and Virgin. Sounds a bit fishy and even a bit ghetto lol.
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