Vonage IPO Becomes the Breakfast of Idiots
What fool would ever buy this stock? Why was Vonage ever allowed to go public? Why would the SEC allow a company that has NEVER made a profit to go public? The SEC is supposed to protect investors. All that has happened today is the little guy got screwed while the people behind Vonage had a big payday. No film at 11.
Vonage Debut Turns Ugly - Currently Down 14 Percent
The Vonage IPO got off to a rocky start today, with shares falling 14% in furious trading. The Holmdel, N.J., Net calling shop priced its initial public offering late Tuesday at $17 a share, raising some $531 million. But Vonage tanked soon after Wednesday morning's opening, hitting $14.50 on the New York Stock Exchange with 21 million shares changing hands.
Why go to Harvard Business school at all. Just start a company and go public after the first year. Many of the same brokers behind this IPO were involved in the .Com era scams. This was not about Voice Over IP, this was about Cash by Wire.
Vonage Debut Turns Ugly - Currently Down 14 Percent
The Vonage IPO got off to a rocky start today, with shares falling 14% in furious trading. The Holmdel, N.J., Net calling shop priced its initial public offering late Tuesday at $17 a share, raising some $531 million. But Vonage tanked soon after Wednesday morning's opening, hitting $14.50 on the New York Stock Exchange with 21 million shares changing hands.
Why go to Harvard Business school at all. Just start a company and go public after the first year. Many of the same brokers behind this IPO were involved in the .Com era scams. This was not about Voice Over IP, this was about Cash by Wire.
posted by The Last Word | 2:27 PM
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