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.
Via:  Boston Globe
Tags:  Skype, VoIP
animatortom 4 years ago

Skype is an interesting concept, I just never needed to use it.

It seems like there are many other choices for video conferencing out there, that are free and more secure.

jturnbull65 4 years ago

Very early on they should have identified a better way to monetize their product. In my opinion, trying to convert people to use your computer as a phone isn't the answer. Also, I've always found the interface confusing and cumbersome.

I'm not sure how much revenue they are making from Skype mobile, but it's overly complicated and I don't know anyone that uses it.

Dave_HH 4 years ago

I'm surprised they're only valued at that much. Then again, they appeared to have missed their window of opportunity back in the day when the VOIP technologies weren't so ubiquitous.

Der Meister 4 years ago

I think that they have missed an opportunity to charge people $. Say 10 for the application I know many people who come into work to buy web cams to Skype people... and they would be all to willing to pay a nominal fee for it... 

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