Vonage Customers May Have Recourse From IPO
A Reuters newswire article, via Yahoo! News, reports that:
Some customers of Internet telephone service provider Vonage Holdings Corp. who bought shares in the initial public offering last week may have grounds to seek damages or require the company to buy back shares at their IPO price, a newspaper said on Friday.More here.
The grounds would be based on technical errors in a highly unusual offer called a "directed-share program" that allowed about 9,000 to 10,000 Vonage customers take part in the May 24 IPO, The Wall Street Journal said.
posted by Fergie @ 6/02/2006 07:29:00 AM
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