Vonage IPO $17.00 Per Share

Published Wed, 2006-05-24 13:47 Corporate Finance | Internet

Vonage Holdings Corp., announced the pricing of its initial public offering of 31,250,000 shares of common stock, all of which are being sold by Vonage at a price of $17.00 per share. Shares of Vonage common stock will trade on the New York Stock Exchange under the symbol "VG." The company has granted the underwriters in the offering the right to purchase up to an additional 4,687,500 shares at the initial public offering price to cover allotments, if any.

The offering is being led by Citigroup, Deutsche Bank Securities, and UBS Investment Bank, acting as joint book-running managers, and Bear, Stearns & Co. Inc., Piper Jaffray, and Thomas Weisel Partners LLC, acting as co-managers.

The common stock offering may be made only by means of a prospectus, copies of which may be obtained from Shareholder.com, Re: Vonage Prospectus, 8 Clock Tower Place, Suite 100, Maynard, MA 01754.

A registration statement relating to these securities was declared effective on May 23, 2006. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Post new comment

* Internet
* Software
* Linux
* Computers/Servers
* Memory
* RFID
* Video Cards
* NanoTechnology
* Mobile

* Space
* Military
* Energy
* Spam
* Corporate Finance
* Acquisitions and Mergers
* CPU
* Embedded
* Automotive Tech

LSI Logic Corporation Reported First Quarter 2006 Revenues of $476 million LSI Logic Corporation reported first quarter 2006 revenues of $476 million, a 6% increase compared to the $450 million reported in the first quarter of 2005, and down 6% seasonally compared to the $506 million reported in the fourth quarter of 2005. Exceeding guidance, first quarter 2006 GAAP* net income was $19 million or 5 cents per diluted share, compared to first quarter 2005 GAAP net income of $5 million or 1 cent per diluted share. First quarter 2006 GAAP results compare to fourth quarter 2005 GAAP net income of $38 million or 9 cents per diluted share. First quarter GAAP net income included $12 million of stock-based compensation expense and $14 million of acquisition-related amortization, restructuring, other special items and their related tax effect.
3,500 Illegal Music File-Sharers Faced Criminal Prosecution The biggest single action against illegal file-sharing internationally took place in Germany today as 3,500 illegal music file-sharers faced criminal prosecution for uploading large amounts of copyrighted material on peer-to-peer networks. Investigators identified individual illegal music file-sharers who were using the eDonkey network to offer up to 8,000 copyright infringing music files on the internet.
Avnet, Inc. Third Quarter Fiscal Year 2006 Avnet, Inc. reported revenues of $3.61 billion for its third quarter fiscal 2006, which ended April 1, 2006, up 31.1% over third quarter fiscal 2005 revenues of $2.76 billion. The prior year quarter did not include revenues of Memec Group Holdings, Inc. ('Memec'), which was acquired on July 5, 2005. Revenues were up 9.1% over the prior year third quarter adjusted to include Memec's sales of $556.3 million in the third quarter fiscal 2005. Net income for third quarter fiscal 2006, which includes certain charges that are described below, was $71.2 million, or $0.48 per share on a diluted basis, as compared with net income of $41.1 million, or $0.34 per share on a diluted basis, for third quarter fiscal 2005. Excluding the charges described below, third quarter fiscal 2006 net income and diluted earnings per share were $79.5 million, or $0.54, respectively, up 93.2% and 58.8% as compared with third quarter fiscal 2005.