Monday, May 08, 2006

Vonage to offer shares to their customers at IPO

Vonage has announced that they plan to offer a chunk of their shares to customers when they IPO later in the year. That's nice!

Apparently 15% of their planned IPO will be set aside in a move designed to support small investors as Google did with the use of a novel auction system when they went public.

Anyone who opened a Vonage account on or before December 15 will be eligible to buy shares at the IPO price. Which will be great news for customers so long as Vonage's share price bounces up and a customer service nightmare if it does not!

No comments: