MetroPCS IPO could hit $1B

MetroPCS has disclosed the expected terms for its IPO: It plans to sell 50 million shares at $19 to $21 apiece in a bid to raise $1 billion. That would make it the biggest IPO in 2007 so far. The carrier plans to launch on the NYSE with the symbol PCS. Bear Stearns is one of the major underwriters for the IPO and shareholders include Accel Partners, First Plaza Group Trust, M/C Venture Partners, Madison Dearborn Capital Partners and TA Associates.

For more on MetroPCS' imminent IPO:
- see this article from MarketWatch

Suggested Articles

Dish Networks continues to lend out its spectrum resources to carriers so they can bolster capacity during the COVID-19 crisis.

WISPs received permission to use 45 MHz of 5.9 GHz spectrum to help meet the surge in demand as a result of the coronavirus pandemic.

AT&T introduced a new low-cost wireless plan for Cricket and AT&T prepaid customers, along with additional data allowances for two months.