Metro PCS IPO Soars!
As expected the initial public offering of Metro PCS on the New York stock exchange was a tremendous success. They raised over $1Billion dollars in funding and lists a current stock price $28.55/share , up from their initial offering of $23/share. Investors are excited of the potential of this stock when comparing with Cricket Wireless’s parent company Leap Wireless stock which has at least doubled in price every year for the past (3) years. Companies like Metro PCS and Cricket are the future of wireless. People will not be tied down with expensive overage charges, and paying for features that should be free. Cingular, Verizon, Sprint better take note because just as fast as they became popular they will go they way of the cell phone buffalo.
For more information read Metro PCS investor relations page.
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