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Author: Harsha
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Monday, May 01, 2006

Vonage Sets IPO Price

Posted by Harsha

vonage logo
Most cases when a company get it's pricing way down, trading will begin in a very short time. Being that Vonage announced its IPO per share price range between $16 and $18, valuing the company at $2.5bn to $2.8bn, I would expect to see its stocks on the market soon.

Vonage first filed for its IPO in February. The company since had grown silent about the move, leading to speculation that the VoIP provider could be pursuing different plans. Vonage currently operates in the US, Canada and the UK, and has received a licence to start offering its services in Singapore.

The company once again warned for that there are significant risks involved with investing in Vonage stock. The company doesn't plan to post profits in the near future, and warned that the quality of VoIP calls is worse than consumers are used to with landlines.


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