Patriot Mobile Files for US IPO
Patriot Mobile reported a twenty-one percent increase in first-half revenue while filing paperwork for a US initial public offering on Nasdaq. The Texas-based wireless provider plans to use the proceeds to repay debt and fund general corporate purposes.
Patriot Mobile filed paperwork for a United States IPO on Friday morning, disclosing a 21% increase in first-half revenue. The Christian-conservative mobile virtual network operator is seeking to list shares on the NASDAQ under the ticker PTRT. The offering comes as the company expands its footprint following high-profile political sponsorships.
