Vonage Expects to Sell $250 Million Worth Shares

Vonage has announced that it expects to sell more than $250 million worth of shares. Vonage expects to sell 31.25 million shares at $16-$18 each.

Vonage has announced that it expects to sell more than $250 million worth of shares. Vonage expects to sell 31.25 million shares at $16-$18 each.

The total value of the offering is around $530 million.

Vonage had more than 1.6 million subscribers as of April 1.

Stephan Beckert, analyst at TeleGeography, said: “It’s such a huge increase in subscriber growth, it’s kind of shocking. Now the challenge is going to be making money off those subscribers.” [Source]

Vonage is a provider of VOIP services.

For more information on Vonage, click here.