MetroPCS IPO looks hot

Aaron Pressman

Over at IPOHome.com, they've noted the first company IPO filing for 2007 and it looks like a dandy. Cellular operator MetroPCS Communications wants to raise $1.1 billion to expand its unusual mobile phone offerings after winning a whole bag of new licenses at the most recent Federal Communications Commission spectrum auction. Telecom was a hot area in the stock market in 2006, putting the MetroPCS deal in good position for going public and getting some first-day pop.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.