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Vonage May Pay for Stock

Red Herring, May 31, 2006

VoIP provider reportedly plans to reimburse underwriters for shares investors refused to pay for.


Vonage plans to reimburse investment banks that underwrote its underwhelming IPO last week for the shares its customers said they would buy, but decided not to, according to reports Wednesday.

 

The Holmdel, New Jersey-based VoIP provider gave its customers the opportunity to buy up to 15 percent of the 31.25 million shares it put up for sale, according to The New York Times. Approximately 10,000 of its 1.6 million customers took it up on the offer.

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My Voip Provider.com provides consulting services to the VoIP industry with special emphasis on research into the comparison and evaluation of costs in the worldwide telecommunications (VoIP) industry.

The term VoIP (Voice over Internet Protocol or short Voice over IP) was...

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VoIP Features

One of the best aspects of VoIP service is in the included free features. Some of the most popular features include:

  • 411 Directory Assistance
  • 3-way Calling
  • Address Book
  • Auto Forwarding
  • BYOD (Bring Your Own Device)

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