I won't call the Vonage IPO a miserable failure, but it certainly underwhelmed with a 12.65% drop from the target price of $17 and closing at just $14.85. Still, I'm sure Jeffrey Citron made millions. Good for him, bad for any Vonage IPO investors, including the loyal Vonage customers that invested. Ironic - Vonage customers use Vonage to save a few bucks and those that invested in Vonage probably lost more money that if they stayed with their traditional landline phone carrier. Ouch!

Here's the final tally according to my real-time stock quotes:

VONAGE HOLDINGS CORP COMMON STOCK (VG)				As of: 05/24/2006, 4:02pm
Last Trade [tick]	14.85[-]		Volume	33,250,100
Net Change	-2.15		52 Week High	0.00 on 00/00/0000
Net Change %	-12.65%		52 Week Low	0.00 on 00/00/0000
Bid	14.75		Ex. Dividend Date
Bid Size	2		Dividend Pay Date
Ask	14.85		Dividend Rate
Ask Size	1		P/E Ratio	0.0000
Bid Exchange	NSX		Yield	0.00%
Ask Exchange	Pacific		Split Factor	0.00
Last Trade Exchange	NYSE		EPS	0.00
Open	17.00		Currency	USD
Day High	17.2500		Primary Exchange	NYSE
Day Low	14.4900
Prev Close Price	0.00
Prev Close Date