Float values Virgin Mobile at €751m

Virgin Mobile was today valued at £500m (€751m) as it launched on the London stock market at a price significantly lower than its previous hopes.

Float values Virgin Mobile at €751m
Wed, 21 Jul, 2004 - 09:33

Virgin Mobile was today valued at £500m (€751m) as it launched on the London stock market at a price significantly lower than its previous hopes.

The company – part of Richard Branson’s business empire – overcame tough markets to issue shares at 200p each – below the original 235p-285p price range.

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