Skype Files For $100 Million IPO
Today, Skype has announced that it has filed with the SEC to sell $100 million of shares in its initial public offering. The company whose investors include EBay, and other private equity firms didn’t disclose the number of receipts it plans to sell or the price range of the offering. According to the filing, the Luxembourg-based Skype which was founded in 2003 has lost money in four of the past five years.
One interesting tidbit from the filing is that Skype had to pay $344 million to settle with the Skype founders for the Joltid peer-to-peer technology that at one point threatened to hold up the spin-off of Skype from eBay.
The filing also reveals that Skype “users made 95 billion minutes of voice and video calls” during the first half of 2010, with a full 40 percent of those minutes being video. Skype users also sent 84 million SMS text messages through Skype during the period.
Comments are closed.