The internet calling service Skype is finally gearing up for an Initial Public Offering. In a registration statement with the SEC,
the company (whose CEO, Josh Silverman, is pictured to the right)
announced that it intends to raise a maximum of $100 million through the
offering, and that it will list the stock on the Nasdaq. The filing
leaves some details ambiguous, so the actual IPO amount may end up being
much more, or less, than $100 million.
The news comes after eBay finalized the sale of 70 percent of the company in November 2009 to an investment consortium led by Silver Lake Partners. It included participation from Canada Pension Plan Investment Board, venture firm Andreessen Horowitz, and Joltid — the peer-to-peer technology company founded by Skype’s founders Niklas Zennström and Janus Friis. The sale left eBay with 30 percent of Skype, Joltid with 14 percent, and the rest of the investment group with the remaining 56 percent. The deal valued Skype at $2.75 billion, and eBay was paid $1.9 billion in cash, and received a note from buyer worth $125 million.
To read the full, original article click on this link: Skype files for IPO | VentureBeat
Author: Devindra Hardawar
