MetroPCS Communications, a Dallas-based wireless phone service company, could raise up to $1.15bn (€860m) from its initial public offering, possibly the largest flotation in the US this year.

MetroPCS is offering 50 million shares at a price range of between $19 and $21, according to a filing with the Securities and Exchange Commission. If it prices in that range, the deal will be larger than the offering from National CineMedia which raised $882m earlier this year. Another telecommunications firm, Clearwire, has filed to raise $600m.