Share Price of Internet Telephone Firm Vonage Drops 12% After IPO
Edison, N.J. - Shares in Vonage, the New Jersey-based provider of Internet-based telephone services, dropped more than 12% in the company's first day of trading as a public company on Wednesday. The company raised about $531 million in its initial public offering, pricing 31.25 million shares at $17 per share. Vonage's share price closed at $14.85.
http://tinyurl.com/nprsf (Business Week)
http://www.vonage.com
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