Monday, May 22, 2006

Vonage Raises $531 Million in IPO

Shares of Vonage common stock will begin trading on the New York Stock Exchange under the symbol "VG." The company hopes to raise $531 million through the initial public offering (IPO) of 31,250,000 shares of common stock at $17.

The offering was led by Citigroup, Deutsche Bank Securities, and UBS Investment Bank, acting as joint book-running managers, and Bear, Stearns & Co. Inc., Piper Jaffray, and Thomas Weisel Partners LLC, acting as co-managers.


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