Yesterday, I wrote about a source informing me that Vonage plans on opening their SIP credentials. The source also mentioned that Vonage planned on waiting to drop the $9.99/month requirement to get SIP credentials until AFTER their IPO offering since they wanted the softphone users on the "balance sheets" for a better IPO. (Many Vonage users sign up for the softphone just to get access to the SIP credentials to use with SIP hardphones) He even said the IPO would be coming "very soon", but with so many rumors about a Vonage IPO, I decided not to mention it in my blog yesterday. If only I knew HOW soon. I should have trusted my source and published his IPO comment, since today Vonage announced their intention to raise $250 million in an IPO. Oh well, hindsight is 20-20.
Very interesting - Vonage is going to allow their customers access to the IPO! That's a nice way to reward their customers!
Some info from http://www.ipoinfo.vonage.com/
You have reached the website regarding the proposed initial public offering of Vonage Holdings Corp. common stock, including a proposed directed share program for certain Vonage customers. Both the proposed initial public offering and the directed share program are described in the registration statement of Vonage Holdings Corp. filed with the Securities and Exchange Commission on February 8, 2006, a copy of which can be found on the Securities and Exchange Commission's website at www.sec.gov
As indicated in the registration statement, we intend that Vonage customers will be eligible to participate if:
- they opened accounts with us on or prior to December 15, 2005, and
- maintained their accounts in good standing through February 1, 2006, and
- are a U.S. citizen, and
- reside in the U.S. when the offering closes, and
- have a valid social security number.