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June 03, 2006
Vonage: The Downside Of IPOs
Some reasons why the Vonage IPO may have been a downer.
As it stands, Vonage stock is off 30% from its initial price of $17.00. “Going public,” is not a panacea for company ills. A fundamental axiom for a successful IPO is that a company must offer a product that creates customer value. High subscriber turnover suggests dissatisfaction and the dissatisfied multitudes that have disappeared out Vongage’s back door would unanimously agree regarding this IPO, “I told you so.”
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Posted on June 3, 2006 05:39 PM by vonage431.
Filed in Phones under vonage.
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