June 30, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Vringo, Inc. (AMEX: VRNGU), a provider of video ringtones and mobile personalization solutions for mobile devices, said that it has completed its initial public offering of 2.392 million units at a price of $4.60 per unit. Maxim Group, LLC, acted as the sole book-running manager for the offering.

Each unit consists of one share of common stock and two five-year warrants, with each warrant conferring the right to purchase one share of common stock at an exercise price of $5.06 per share.

Vringo saw net proceeds of around $9.4 million. On or prior to September 18, 2010, the units will separate into common stock and warrants, and the component securities will begin trading as separate securities.

The common stock is expected to trade on the NYSE AMEX under the symbol "VRNG" and the warrants are expected to trade under the symbol "VRNGW."

New York-based Vringo has a video ringtone application and web platform. By installing Vringo's application, which is compatible with more than 200 handsets, users can create or download video, images and slideshows and make it into their personal call signature.

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