MetroPCS raises $1.15 billion in IPO, biggest to date in U.S.

Dallas-based cell-phone service provider MetroPCS Communications has raised $1.15 billion in its initial public offering, the largest U.S. IPO of the year.

The offering priced at $23 per share, above the forecast range of $19 to $21 a share. Only 14 percent of the company’s shares… Continue Reading

MetroPCS files $1.125 billion IPO, giving Accel Partners big boost

MetroPCS Communications, of Dallas, has filed to raise up to $1.125 billion in an initial public offering.

It is significant because only six IPOs worth $1 billion or more were seen in 2006, out of a total of 200.

The company, which provides wireless broadband personal communication… Continue Reading