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Vonage Announces Pricing of Its Initial Public Offering of Common Stock
HOLMDEL, N.J., May 23 -- Vonage (News - Alert) Holdings Corp. today announced the pricing of its initial public offering of 31,250,000 shares of common stock, all of which are being sold by Vonage at a price of $17.00 per share. Shares of Vonage common stock will trade on the New York Stock Exchange under the symbol "VG." The company has granted the underwriters in the offering the right to purchase up to an additional 4,687,500 shares at the initial public offering price to cover allotments, if any.
The offering is being led by Citigroup, Deutsche Bank Securities, and UBS Investment Bank, acting as joint book-running managers, and Bear, Stearns & Co. Inc., Piper Jaffray, and Thomas Weisel Partners LLC, acting as co-managers.
The common stock offering may be made only by means of a prospectus, copies of which may be obtained from Shareholder.com, Re: Vonage Prospectus, 8 Clock Tower Place, Suite 100, Maynard, MA 01754.
A registration statement relating to these securities was declared effective on May 23, 2006. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Vonage
Vonage is a pioneer in the Internet telephony industry. The award winning Vonage(R) service is sold on the web and through national retailers. Vonage Holdings Corp. is headquartered in Holmdel, New Jersey.
Vonage
CONTACT: Mitchell Slepian of Vonage, +1-732-528-2677,[email protected]
Web site: http://www.vonage.com/
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