Skype Announces IPO Plans, Company Valued Around $2.75 Billion

Filed as News on August 9, 2010 4:35 pm

Skype Going Public (IPO)Skype was recently sold by eBay to a group of private investors and now those investors are looking to raise as much as $100 million with an initial public offering (IPO) which has been filed with the SEC.

It’s hard to tell what the price of shares will be for Skype stock, however some analysts have priced the company around the $2.75 billion market valuation point.

The company was purchased from eBay by a group of investors in September, those investors include: Silver Lake, Index Ventures, Andreessen Horowitz and the Canada Pension Plan (CPP) Investment Board.

Skype currently has more than 500 million users and in 2009 the company brought in more than $600 million in revenue, with higher returns expected this year with their 3G enabled iPhone app now available and internet-connected television embedding and higher quality video conferencing services also part of their packages.

Skype allows users around the world to call their own countries phone numbers for no charge, while providing low rate international calling and texting services.

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