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Update: Verizon Wireless Files for $5 Billion IPO

 

Updated from 12:45 p.m. EDT

Verizon Wireless, owned by Verizon Communications(VZ Quote) and Vodaphone Group(VOD Quote), hopes to raise $5 billion in an initial public offering ipo of stock, according to a statement filed with regulators Thursday.

Verizon Wireless has yet to list a price range for the stock or say how many shares it intends to offer, the document filed with the Securities and Exchange Commission showed. The nearly 400-page statement, however, did note that Goldman Sachs and Merrill Lynch will underwrite the offering.

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