CNN Money is reporting that Skype, the Internet video phone service, is planning a $100 million initial public offering, according to a regulatory filing Monday.
The company said it would offer American depositary shares, and the company’s headquarters would remain in Luxembourg.
Since EBay (EBAY, Fortune 500) sold the company in September 2009, Skype has done very well. This year, the company has generated more than $406 million in sales, with 560 million registered users — up 41% from a year earlier. Paying users, though just a fraction of the overall user base, jumped 23% to 8.1 million from 6.6 million a year ago.
Still, Skype said an IPO can help it do better. In the filing, the company said it had achieved “significant global scale and user growth,” but “the penetration of our connected and paying users is low relative to our market opportunity.”
Read the entire story at CNN Money
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