Virgin Mobile USA, a national provider of prepaid and pay-as-you-go wireless communications services targeted at the youth market, filed terms with the SEC Tuesday for its upcoming IPO. The company plans to offer 27.5 million shares, with 1.9 million shares coming from the selling shareholders, at a price range of $15 to $17 per share. Lehman Brothers, Merrill Lynch, and Bear Stearns are the joint book runners on the deal.
