Vonage IPO

mesowarny writes "The street writes: Vonage Holdings, moved to become the first major Internet telephony player to go public by filing Wednesday to raise up to $250 million via an initial offering of stock and named a Tyco International executive as CEO. Our revenues were $18.7million in 2003, $79.7million in 2004, and $174.0 million for the nine months ended Sept. 30, 2005," the company's prospectus says."While our revenues have grown rapidly, we have experienced increasing net losses, primarily driven by our increase in marketing expenses. From the period of inception through Sept.30, 2005, our cumulative net loss was $310 million. Our net loss for the nine months ended Sept.30, 2005, was $189.6million. During the same nine-month period, our marketing expenses were $176.3million."

Comments

lost me on the pronunciation

[fishbowl]

I thought Vonage was kind of cool until they started airing tv commercials with the name pronounced with the stress on the first syllable. It's obvious they are trying to not sound French, which reeks of the right-wing party line. They want you to say
"Vone-idge" instead of "vahn-aaahj". And that's enough to keep me on my landline.