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Woohoo, hoo, hoo, hoo: Vonage prices 31.25mm shares at $17

May 23, 2006
VG

Vonage, a well-known provider of voice-over-IP (VoIP) telephone service to 1.7 million residential subscribers and small businesses, priced its offering of 31.25 million shares at $17, the mid-point of its $16-$18 range. Citigroup, Deutsche Bank and UBS Investment Bank acted as the lead underwriting managers for this IPO. The stock is expected to commence trading on the NYSE under the ticker symbol "VG" on Wednesday morning.