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Vonage Said To Pick Underwriters For An IPO

Vonage Holdings is inching closer to an initial public offering, reportedly choosing four underwriters for a planned $600 million IPO.

The Wall Street Journal reported Thursday that sources said the underwriters chosen include Citigroup Inc., UBS AG, Deutsche Bank AG, and Bear Stearns Cos.

Vonage, the pacesetter for paid Internet calling, has signed up more than 1 million subscribers for its VoIP service.