Simpson Thacher recently represented Virgin Mobile USA, Inc. in connection with the initial public offering of 27,500,000 shares of Class A common stock, for an aggregate price to the public of $412.5 million. Virgin Mobile's Class A common stock is listed on the New York Stock Exchange under the symbol “VM”.
Virgin Mobile is a leading national provider of wireless communications services, offering prepaid, or pay-as-you-go, services targeted at the youth market. It was founded in 2001 as a joint venture between Richard Branson’s Virgin Group and Sprint Nextel. The Firm has represented Virgin Mobile since inception.
The Simpson Thacher team for the transaction included Alan Klein, Joseph Kaufman, Ben Wolf, Dov Gottlieb and Estella Chen (Securities); Marissa Wesely, William Sheehan and Nicolas Benjamin (Credit); John Creed, Nancy Mehlman and Kurt Dudas (Tax); Brian Robbins, Jamin Koslowe and Frank Marinelli (Executive Compensation and Employee Benefits); Lori Lesser and Robyn Rahbar (Intellectual Property); and Ellen Dadanina and Alexander Sprinzen (Paralegal). Summer associates Sarah Park and Jean Park also provided valuable assistance.