Vonage (Ticker: VG Market: NYSE) will be traded on the NYSE stock market in a few short weeks. Vonage provides VOIP services, allowing you to make phone calls using your broadband cable modem or DSL internet connection, generally providing phone services cheaper than non-VOIP telephone providers. Vonage offers unlimited calls to anywhere in the U.S., Canada, Puerto Rico, and Europe for $24.99 per month.
Here is some information regarding the upcoming Vonage (Ticker: VG, Market: NYSE) initial public offering (IPO):
Vonage Holdings (VG)
Expected Date: Week of 5/22/2006
Price Range: $16.00 – $18.00
Shares Offered: 31.3 mm
Business: A leading provider of broadband telephone services. A Voice-Over-IP (VOIP) provider.
Industry: Telecomm-Cellular
Employees: 1393
Founded: 2000
I have heard Vonage is offering its customers the ability to buy shares of the stock before it is traded in the markets. I cannot verify this information as of yet, but once I can confirm or deny this I will let everyone know. A current Vonage customer has told me this information but I have not yet seen any written documentation. I will update this story as more information becomes available.
Boy has this stock bombed!