Vonage Files For $250M IPO

NEW YORK (MarketWatch) — Vonage Holdings, moving to become the first major Internet telephony player to go public, filed Wednesday to raise up to $250 million via an offering of stock and named a Tyco International executive as CEO.

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What this article fails to mention is that due to his previous SEC sanctions stemming from the Datek case, former CEO Jeffrey Citron was banned from future association with securities brokers or dealers. I always thought this meant he could not be CEO of a publicly traded company. Apparently, some analysts think so too.

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