May 2, 2006

Vonage Seeks $2.6 Billion Valuation in IPO Filing

WASHINGTON (Reuters)—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.

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.”

http://www.eweek.com/article2/0,1759,1955222,00.asp?kc=EWRSS04069TX1K0000701


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