Skype Files for IPO, Aims to Raise $100 Million


Skype has filed for an Initial Public Offering (IPO) with the SEC today. The Luxembourg based company will be offering American Depository Shares and will trade on NASDAQ.

It aims to raise about $100 million through the IPO. The IPO will be managed by Goldman Sachs, J. P. Morgan and Morgan Stanley. The initial price band or the number of shares on offer haven’t been revealed yet.

A 65% stake of Skype was sold to private investors by eBay last year at a $2.75 billion valuation. It is fast turning profitable and had revenues of $406 million in the first half of 2010 with a net income of close to $13 million. It has 124 million monthly active users with 8.1 million of them paying to use the service.

Source: Skype SEC Filing

Published by