According to a report in The Wall Street Journal, VoIP service provider Vonage plans to file for an initial public offering (IPO) of stock that could raise as much as $600 million. Vonage has reportedly raised more than $400 million in venture capital, with top investors that include Bain Capital, 3i Group and Institutional Venture Partners. Vonage offers consumer VoIP phone services in more than 800,000 US homes. Vonage has yet to comment on the report.
For more on the Vonage IPO rumor:
- read this article from CBS MarketWatch