voip
Jeffrey Citron Benefits despite Vonage's IPO Debacle
Filed in archive Companies by gautam on June 9, 2006
Jeffrey Citron Benefits despite Vonage's IPO Debacle
There is only one person who has benefited from Vonage's IPO. He is Jeffrey Citron, chairman and founder of Vonage who has made a paper profit of almost half billion dollars which is equal to six times his initial investment in the company from the shares he purchased before the company's IPO. He got 47.67 million shares at an average cost of $1.71 each.

Other shareholders have been left fuming as the value of the stock fell by around 29 percent since the company's IPO on May 23. Several analysts are of the opinion that the stock has been overpriced by the underwriters. In a note before the IPO, Pali Research had quoted that the IPO should have been priced below $10 each.

Certainly there is only one clear winner in this IPO, Jeffrey Citron.


Permalink: Jeffrey Citron Benefits despite Vonage's IPO Debacle
Tags: Vonage  IPO 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/24104
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for Jeffrey Citron Benefits despite Vonage's IPO Debacle:

  • Currently 8.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 8.00 out of 3 vote(s) cast.
 
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!