Hidden in the back of the Wall Street Journal Europe, I spotted a little piece on Vonage, the internet telephony firm, looking to launch on the stock market.
Vonage Holdings Corp, a fast-growing provider of residential-phone service over the internet, is planning to file for an initial public offering to raise as much as $600m, according to a person familiar with the matter.
The company, based in New Jersey, provides discounted local and long-distance phone service to about 800,000 households, making it the US's largest internet-based phone company.
Vonage is one of the few firms that lets home consumers user VoIP through ordinary telephone handsets: and with the war for internet telephony really beginning (apropos Google Talk and Skype's reaction) then it looks Vonage needs a war chest to enforce itself on the market.
