Vonage IPO Today At $17 Per Share

Posted: May 24 2006, 7:34am CDT | by , Updated: Aug 10 2010, 5:40pm CDT, in News | Other Stuff

Vonage IPO Today at $17 per Share
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Vonage is going IPO today with an initial share price of $17.

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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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.




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