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Vonage IPO Today at $17 per Share

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Posted on Wed, 24 May 2006 07:34:36 CDT | by Luigi Lugmayr

Vonage IPO Today at $17 per Share

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Vonage is going IPO today with an initial share price of $17.

Update:
Vonage dropped after its stock market debut to currently slightly under $15. It could be worse, but clearly it is not an overwhelming IPO.

Shares of Vonage common stock will trade on the New York Stock Exchange under the symbol VG. 31,250,000 shares will be floated resulting in about $500 million that Vonage is expecting to raise.

As reported yesterday there is a lot of discussion about whether the Vonage IPO will be successful. We will see later today what the initial performance of the stock will be. More details in this Vonage press-release.


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Posted on Wed, 24 May 2006 07:34:36 CDT | by Luigi Lugmayr

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