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20 September 2017 05:46 (South Africa)
Business

Skype files for $100 million IPO

  • Business

You may soon be able to purchase shares in Skype, the company that offers web-based voice, video and text services to consumers and businesses. The company, which up until last year was owned by eBay, said that it had filed for a U.S public initial offering. The $100 million figure given is an estimate used as a basis for a filing fee with the Securities and Exchange Commission. As of June 30, the user numbers were up 41 percent from June last year, to 560 million.  The company plans to file for listing on the Nasdaq Global Select Market. The time when these shares might go on sale, the price and the symbol are still undetermined. Read more: The Wall Street Journal and the LA Times.

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  • Business

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