Business, Media

Skype files for $100 million IPO

By Andy Rice 9 August 2010

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.



While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.

Foreign Relations

Ramaphosa leads high-powered delegation to the UN – to sell SA

By Peter Fabricius

Adolf Hitler was the first European leader to ban human zoos.