RealTime IT News

Skype Going Public With $100M IPO

Many people were left scratching their heads after eBay ponied up big money to buy Skype, an Internet phone provider. After a brief and rocky marriage, the Internet auctioneer sold its stake in the VoIP firm for $1.9 billion, leaving Skype to its own devices.

Now, Skype has opted to take its show public. The firm has filed for an initial public offering through which it hopes to raise at least $100 million. Datamation has the story on Skype's IPO.


Skype, the popular VoIP and videoconferencing service, this week announced plans for an initial public offering that could help it raise more than $100 million, according to the company's S-1 filing with the Securities and Exchange Commission.

Company officials said Goldman Sachs, J.P. Morgan and Morgan Stanley will underwrite the offering. As of Monday, the company did not disclose the expected price range for the publicly traded shares nor did it set a specific date for the IPO. However, according to its filing, it registered $100 million in American depository shares with the SEC.

Read the full story at Datamation:
Skype Files for $100 Million IPO