Internet telephony provider to allow existing customers the opportunity to participate in the company's planned IPO provided they meet certain criteria.
VoIP provider Vonage today offered up a special incentive to existing customers of its service: they will be eligible to purchase shares of the company’s upcoming initial public offering of common stock. A number of conditions are attached and a Web site has also been set up for more details.
These conditions, said Vonage, include the following: opened accounts with Vonage America on or prior to Dec. 15, 2005; accounts maintained in good standing as of Feb. 1, 2006; a U.S. citizen; reside in the United States when the offering closes; and have a valid social security number.
Vonage said customers will be able to purchase shares at the IPO price and that they do not need to continue to be subscribers to participate in the program.
