AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Virgin Mobile Cuts Price of IPO.(initial public offerings)(Brief Article)
Sir Richard Branson has been forced to trim 15% off the flotation price of Virgin Mobile Holdings (UK) Plc, after institutional investors rejected the original pricing as too high.
Branson has built a massive business empire spanning airlines through to music shops. He had been planning to issue 98 million Virgin Mobile shares (or roughly 40% of the company) in a flotation to help his Virgin Group raise the money to help push the flotation of his much larger US mobile business, Virgin Mobile USA, and to help generate cash ahead of the launch of a domestic airline in the United States next year.
However, at the weekend it became apparent that the market was not happy with Branson's pricing of the issue, and on Monday he was under pressure either to lower the price of the shares, ...
- Sir Richard Branson of Virgin Group & Virgin Mobile USA to Keynote at CTIA...
- Press release article from: Business Wire February 28, 2008 700+ words
...Virgin Founder and Chairman Sir Richard Branson, in association with Virgin Mobile USA, will deliver a keynote...Conceived in 1970 by Sir Richard Branson, the Virgin Group...Wireless and CTIA chairman; Sir Richard Branson, founder and...
- Virgin Mobile looks set to float on the London stock market, 16 years after Sir...
- Newspaper article from: Brand Strategy July 1, 2004 700+ words
Virgin Mobile looks set to float on the London stock market, 16 years after Sir Richard Branson took the Virgin Group private...Mobile, having sold its 50% stake in Virgin Mobile in January 2004 in return for 25...
- How does he do it? Sir Richard Branson has proved the sceptics wrong and struck...
- Newspaper article from: The Evening Standard (London, England) April 5, 2006 700+ words
...pounds sterling]700 million from one deal, from selling Virgin Mobile to NTL. He gets [pounds sterling]120 million in cash...flotation, we've got over [pounds sterling]1 billion out of Virgin Mobile. The original Virgin Records deal [in 1992] was for...
- Virgin Mobile hoping to connect with [pounds sterling]1bn float.
- Newspaper article from: The Evening Standard (London, England) July 7, 2004 700+ words
...Byline: NICK GOODWAY VIRGIN Mobile, Sir Richard Branson's first...the price range, Virgin Mobile would have a total...s listing list SIR Richard Branson's Virgin...proceeds from the Virgin Mobile float may back the...
- Virgin Mobile poised to float with [pounds sterling]1bn tag.
- Newspaper article from: The Evening Standard (London, England) June 30, 2004 700+ words
Byline: NICK GOODWAY VIRGIN Mobile, Sir Richard Branson's virtual mobile phone...Charles Gurassa chairman of Virgin Mobile in a move bound to amuse his...be reassured by the fact that Virgin Mobile is complying with corporate...
- Virgin Mobile hopes to connect with UKpound 1billion float.
- Newspaper article from: Knight Ridder/Tribune Business News July 7, 2004 700+ words
...Business News Jul. 7--Virgin Mobile, Sir Richard Branson's first public float...top end of the price range, Virgin Mobile would have a total enterprise...the following day. The fact Virgin Mobile seems to have moved its timetable...
- [pounds sterling]1bn price tag likely in Virgin Mobile flotation.
- Newspaper article from: The Evening Standard (London, England) June 30, 2004 700+ words
Byline: NICK GOODWAY VIRGIN Mobile, Sir Richard Branson's virtual mobile phone...Charles Gurassa chairman of Virgin Mobile. The ex-head of BA's holidays...offered to institutions, but all Virgin Mobile employees who have been there...
- Settlement Transfers Full Ownership of Virgin Mobile to Virgin Group.
- Newspaper article from: Knight Ridder/Tribune Business News February 1, 2004 700+ words
...Tribune Business News Feb. 1--Virgin Mobile's expected UKpound 1 billion...transferring full ownership of Virgin Mobile to Sir Richard Branson's Virgin Group...50 chance of it happening. Virgin Mobile was born of a joint venture...
Source: HighBeam Research, Virgin Mobile Cuts Price of IPO.(initial public offerings)(Brief...