Thursday, August 25, 2005

ECT News Network Real-Time Alert

Vonage Reportedly Eyeing $600 Million IPO

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Voice over Internet Protocol (VoIP) calling company Vonage Holdings Corp. is reportedly putting the finishing touches on a plan to go public, a move that could help it raise as much as US$600 million in cash as it girds for battle with a slew of competitors. The Daily Deal and the Wall Street Journal reported that Vonage has already raised some $400 million in venture capital and believes the time is right for the company to go public.
Read Story on E-Commerce Times

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