Skype going public, initiates process for IPO
As detailed on a post on Skype blog, they have taken the first step, by filing a registration statement with the Securities and Exchange Commission, to kick start the process which will ultimately enable the company to offer an Initial Public Offering or IPO.
The filing does not yet list a dollar amount for the IPO, but the company was valued last year at $2.75 billion when it was sold to investors. The registration statement has not yet become effective, meaning the company has not gone public quite yet.
According to publicly available data, Skype currently has 124 million “connected users” who “placed 95 billion calling minutes over Skype in the first half of 2010, approximately 40% of which were video.” According to the registration statement, the company has grown to 560 million registered users (even more than Facebook’s recent 500-million-user milestone) and over the past year, the average monthly paying users grew from 6.6 million to 8.1 million. In the first six months of 2010, the company generated $406.2 million of net revenues as compared to $324.8 million during the same period in 2009.