Vonage Seeks $2.6 Billion Valuation in IPO Filing
A Reuters newswire article, via eWeek, reports that:
Internet telephone service company Vonage Holdings Corp. may offer up to 31.25 million shares for between $16 and $18 a share in an initial public offering, according to a regulatory filing on Friday.More here.
The offering, expected to be underwritten by Citigroup, Deutsche Bank Securities and UBS Investment Bank, would value the Holmdel, New Jersey-based company at about $2.6 billion, according to the filing with the U.S. Securities and Exchange Commission.
The company has applied for a New York Stock Exchange listing under the symbol "VG".
posted by Fergie @ 4/28/2006 10:01:00 AM
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