Skype files for $100 million IPO

The ghost of bidders past

Would-be Internet telephony giant Skype has filed the paperwork for an initial public offering (IPO) on Nasdaq, the company has announced.

The exact share price range has not been revealed but it is believed the company is looking to raise around $100 million (£62.7 million) when they go on sale, probably later this year.

If that sounds like a modest sum, bear in mind that despite the reach of its brand, Skype is believed to be barely profitable on turnover in the region of just over $400 million in the first six months of this year.

It has also endured just emerged from a complicated period during which it was bought out from owner eBay by a group of investors, and also settled a hugely costly legal dispute with its founders, Niklas Zennstrom and Janus Friis.

Skype has undoubtedly been the single big winner from the idea that consumers will embrace making phone calls over the Internet using VoIP. The problem is that this has turned out not to be as lucrative as eBay, for onc, thought it might be when it paid well over the odds to buy the startup for $2.6 billion in late 2005.

EBay itself had raised the possibility of an IPO but decided to sell on its stake instead.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags wirelessskypevoiptelecommunicationebayPersonal TechMobile &amp

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John E Dunn

Techworld
Show Comments

Brand Post

PC World Evaluation Team Review - MSI GT75 TITAN

"I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it."

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?