Skype Files for IPO Worth Estimated $100 Million
Skype has filed with the SEC for an initial public offering that the companies hope will raise as much as $100 million. The IPO offering will be managed by Goldman, Sachs; J.P. Morgan, Morgan Stanley and others.
The share price and the number of them to be issued to the public has not yet been disclosed. Last year, eBay sold 65 percent of Skype to private investors. At the time, rumors arose that Skype was eying an IPO in 2010.
In 2009, Skype posted a loss of $99 million on revenue of $719 million. For 1H 2010, Skype reported revenue of $406 million with net income of $13.2 million. Skype has been wheeling-and-dealing this year, with exclusive deals with Verizon and an iPhone app that finally works over 3G.
The share price and the number of them to be issued to the public has not yet been disclosed. Last year, eBay sold 65 percent of Skype to private investors. At the time, rumors arose that Skype was eying an IPO in 2010.
In 2009, Skype posted a loss of $99 million on revenue of $719 million. For 1H 2010, Skype reported revenue of $406 million with net income of $13.2 million. Skype has been wheeling-and-dealing this year, with exclusive deals with Verizon and an iPhone app that finally works over 3G.
