Vonage Files IPO

by Bruce Stewart

Putting an end to the seemingly endless speculation, Vonage has filed for its IPO today. For all the financial details, check out the SEC documents. Vonage generated some serious revenue in the first 9 months of 2005 ($167.3 million), but as IP Democracy notes they also had steep losses during that same timeframe ($189.6 million). Along with the IPO filing, Vonage has also announced that Jeffery Citron will step down as CEO, and Michael Snyder will come on board as the new CEO. Andy Abramson points out that the $250 million IPO filing is a lot smaller than many observers were expecting.