said by dean2900
:Hi All,
I just received email from Vonage that I was eligible to purchase their IPO stock at the price of 16 - 18 bucks per share.
I like Vonage and have used them for 3 years and referred numerous people to them but that price is just to f***ing high!!!
How can an IPO share price be "too high"? It is just a number. What matters is the total value of the IPO (the share price times the number of shares issued), which must then be examined in conjunction with several financial metrics - profitability being just one of them.