Requested 4400, received 1100. I should have simply requested 5000...oh well, that's the way these IPOs work..and clearly there are people who are not used to investing here..which is fine, but just don't complain. Good luck everyone, go Vonage!
Here's how the allocations went based on various request sizes.
Request=Allocation
5000=1300
4000=1000
3000=800
2000=500
1000=300
900=300
800=200
700=200
600=200
500=200
400=100
300=100
200=100 or 0 by lottery
100=0
I also received a big fat 0! I only requested an allocation of 100 figuring the worst I could do was lose $1700. I do understand investing and knew there was the possibility of getting 0.
The possible problem I see with the way the IPO was offered to Vonage customers is I am sure there were many people who might not fully understand what has happened and are angry right now. Will these people cancel their service? Will it hurt Vonage? Does Vonage even care??? Don't know, but those of you with shares, I wish you the best of luck (and no, I will not be buying any on the open market tomorrow.)
an easier way to "unload" the stock tomorrow is to sell it SHORT
when you are happy/unhappy with the price it is at at your regular on-line brokerage account (Fidelity,...).
then you can simply DTC the shares you have been allocated to that account at a later date to cover that transaction. DTCing stock is fairly simple...
I do this all the time because most of the time I need to open a new
account to participate in juicy IPOS and that is a trick from these brokers to get my future business and fat commissions.
Requested 5,000, allocated 1300. which is exactly as the Prospectus stated. My take on this is that offering was oversubscribed. I called my broker at Smith Barney at about 1 pm pst and he stated there was a high level of institutional interest about 4 times oversubscribed. He said a HOT ISSUE. Obviously, if i requested 5,000 and got the min allocation of 25% it seems the bashing Tuesday by the media did not impact the institutions buying. The only negative i see is the overall market is poor.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
All times are GMT - 5 Hours
Vonage Service Plans
Vonage VoIP Members
Members New Barbra New Today 7 Yesterday 6 Total 55103 Who Is On Site Visitors 228 Members 1 Total 229
High-speed Internet required. Unlimited calling subject to normal residential use. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details. Alarms, TTY and other systems may not be compatible.
Thinking of signing up for Vonage but have questions? Business and Residential customers can call Toll Free 24 hours a day at: 1-888-692-8074 No Vonage Promotional Codes or Coupon Codes are required at www.vonage.com.
The Vonage Forum provides the Vonage Free
Month sign up Best Offer Promotion Deal as a means to offset
our cost. If you are considering signing up for Vonage and have found our Vonage
News, Customer Reviews, Forums & all other parts of this site useful, please
use our Vonage Free Month sign up offer Deal Coupon.
Vonage VoIP Phone Service is redefining communications by offering consumers & small business VoIP Internet phones, an affordable alternative to traditional phone service.
The Vonage VoIP Forum Generated This Page In: 0.47 Seconds and 247 Pages In The Last 60 Seconds The Vonage VoIP Forum
Members
New 
New Today 7
Yesterday 6
Total 55103
Who Is On Site
Visitors 228
Members 1
Total 229
-0.04