Thursday, November 03, 2005

Vonage Considering Sale and IPO

Via Reuters.

Vonage Holdings Corp., a pioneer in selling Internet-based phone services, is preparing for an initial public offering that could raise $600 million and also exploring a sale to a larger company for at least $2 billion, the Wall Street Journal reported on Thursday.

Citing people familiar with the matter, the paper said venture investors including Bain Capital, 3i Group Plc, Meritech Capital Partners, Institutional Venture Partners and New Enterprise Associates have poured $408 million into Vonage, of Edison, New Jersey.


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