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.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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