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Vonage Files IPO

Stock quotes in this article: EBAY , VZ , T , TYC  

Internet phone player Vonage filed to raise $250 million in an initial public offering and named a new CEO.

The Holmdel, N.J., company tapped Mike Snyder as CEO. Snyder was president of Tyco's (TYC Quote) ADT security unit. With Snyder's arrival, founder Jeffrey Citron becomes chief strategist, where he "can dedicate his time to focusing on moving the company into new product areas, technologies, growth opportunities and employee culture," Vonage said.

Vonage said the IPO will be led by Citigroup, Deutsche Bank Securities and UBS Investment Bank. ...

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