Home » News, Technology » Skype files for IPO – To raise $100 Million

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skypeToday another company plans to enter wall street. This time its the Internet telephony giant Skype unveiled plans to raise as much as $100 million in an initial public offering.

The company today said that it has filed for an S-1 statement with the Securities and Exchange commission. After the initial IPO, Skype will deal with a few banks that are intended to handle the IPO. No price range or a date have been set for the IPO yet however analysts say that after its recent purchase of the $300 million P2P software purchase, Skype sees a crunch ahead and hence the move to raise more money. 

This is not the first time the market has warmed up to the news. In late 2009 when Skypewas sold off by ebay, rumors started flying that an IPO is the most probable move for Skype. 

Skype has about 124 million users and has been up around since 2003. Skype also reported that its users spent 95 billion calling minutes in the first half of 2010 itself. Analysts say that Skype’s success in the VoIP business will mark a successful IPO and revenue would most certainly cross $100 million.

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