Vonage files to go public

Internet telephone service provider Vonage Holdings Corp. may raise up to $250 million in an initial public offering, according to a regulatory filing today.

Lead underwriters include Citigroup, Deutsche Bank Securities, and UBS Investment Bank, according to the filing with the US SEC.

Vonage, which says it has more than 1.4 million subscriber lines as of February 8, lost $189.6 million on revenue of $174.0 million in the first nine months of 2005, according to the prospectus.

Well, the long awaited IPO of Vonage has kicked off. And it looks like they could get valued at a few billion dollars. Unless of course someone comes and buys them before they can go public. How about Verizon or AT&T or one of the smaller bells? Mind you, it would be much more fun to see them go public. Who said we're not in the middle of a tech bull market!