November 04, 2005
Vonage IPO
Vonage Holdings Corp. is aiming at raising $ 600 million by means of an IPO and hopes to garner around $ 2 billion by sale to a bigger organization. Bain Capital, 3i Group Plc, Meritech Capital Partners are some of the venture capitalists. The investment by all the venture capitalists comes to $ 408 million.
Vonage is exploring the opportunity of sale with companies like Sprint Nextel Corp. and T-Mobile USA. The company’s value has received a boost following the acquisition of Skype by eBay.
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