Vonage Says Going Public Is For Losers

from the well,-not-quite... dept

The speculation following Vonage's $200 million investment round was that the company was gearing up for an IPO. However, the problem with that theory was that Vonage's current CEO is rumored to be banned from running a public company, which certainly would make any IPO difficult. With that in mind, it's not all that surprising to see Vonage making statements about how they have no interest in going public, claiming that it would be a distraction and that the private markets are "a lot more efficient use of management time." That may be true, but given a bit of time (and the need for even more money), they'll figure out some way around the blockade, even if it means Jeff Citron will have to step aside.