VOIP CARRIER VONAGE PLANS IPO

摘要

VoIP carrier Vonage filed Wed. for an IPO that it hopes will raise $250 million. Vonage also named former ADT Pres. Mike Snyder as CEO, replacing Jeffrey Citron who moves to chmn.- chief strategist. In its SEC filing it listed strong market position and branding, attractive value and prices, and wide distribution as strengths and said it would use the proceeds to expand its geographic markets and offer more features.