Vonage, picks IPO bankers

Despite the doubts about their IPO swirling, Vonage is going ahead and preparing itself for an initial public offering, according to Light Reading and after a six-month bake-off,”has chosen Citibank, UBS AG, and Deutsche Bank AG” as lead managers of the offering that could happen within six months. The company declined to comment, Light Reading says. The company’s value is being pegged at $1.5 billion, even if its a buyout and not an IPO. Andy speculates on who might buy them! More @ Light Reading