Vonage valued at $2.65 Billion
Finally, it is clear that Vonage is not far behind Skype in terms of valuation. Via its amended S-1 registration statement, Vonage has valued itself at $2.65 billion for its forthcoming IPO.
The market was previously in doubt whether Vonage would really go through with its IPO. After all, it is almost 1 year since Vonage made its IPO intentions public for the first time. Its paperwork has been tardy if you will. Perhaps, we thought, Vonage was looking for a buyer, most probably NexTel. However, it would now appear that Vonage would indeed go though with its IPO.
As per its latest filings, Vonage plans to raise around $500 million through the sale of 31,250,000 shares that are priced between $16 and $18 each.
Via TMCnet