August 25, 2005
Vonage IPO Coming Soon
According to sources, Vonage plans to IPO and raise $600 million. The company may also explore a potential merger instead of an IPO. The leader bankers are Deutsche Bank, Citigroup, and UBS.Vonage Holdings Corp. , the largest provider of phone services over the Internet to retail customers, is planning to file for an initial public offering to raise between $400 million and $600 million, according to sources familiar with the matter. Edison, N.J.-based Vonage is expected to file an offering memorandum with the Securities and Exchange Commission within the next six weeks, sources said. The company declined to comment.
