RED Herring, 28 April 2006
The well-funded Internet telephony company plans to raise up to $687 million in its IPO.
Signaling a Vonage IPO may be imminent, the Internet telephony company on Friday more than doubled the size of its planned public offering, inferring the company is now worth as much as $2.8 billion. According to regulatory filings, the Holmdel, New Jersey-based company will sell 31.25 million shares worth $16 to $18 per share. At the high end, that would raise about $687 million.