Deadline to Buy Vonage Ipo Stock Extended ; Nyse Probes Short Sellers' Possible Role in Shares' Decline
The Record, Bergen County, NJ › June 12, 2006
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Summary
Some Vonage investors, burned by a 31 percent decline in the shares, are being given more time to pay for stock they ordered in the Internet phone company's initial public offering.
In another development surrounding the Holmdel-based company's public debut last month, regulators at the New York Stock Exchange are investigating whether short sellers helped fuel the rapid decline of Vonage's share price since its first day of trading May 24, according to a published report.See the full content of this document
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Deadline to Buy Vonage Ipo Stock Extended ; Nyse Probes Short Sellers' Possible Role in Shares' Decline
Citigroup Inc.'s Smith Barney division and UBS AG extended a May 30 payment deadline for investors to Tuesday, according to UBS spokeswoman Karina...
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