Vonage Founder Stands To Profit Despite IPO Flop
A Bloomberg News article by Ari Levy and Miles Weiss, via The Washington Post, reports that:
Vonage Holdings Corp. chairman and founder Jeffrey Citron has a paper profit of almost a half-billion dollars -- six times his initial investment in the company -- from shares he bought before the company's initial public offering.More here.
Meanwhile, the value of stock held by new shareholders has fallen 29 percent since the company's IPO on May 23.
posted by Fergie @ 6/08/2006 07:06:00 AM
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