Vonage IPO filing looks like one big red flag

Aaron Pressman

Hot Internet telephony provider Vonage just filed for an initial public offering. No per-share price estimate in this first filing but lots of info about the company and its financials. Greater experts will no doubt weigh in soon, but I am left wondering how can this company go public? After the $2.6 billion that Ebay paid for Skype, Vonage's effort to go public is just more proof that the IP telephony market is in full bubble mode.

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