Skype Go for IPO

Skype, a software company which allows people to call over Internet, has filed for IPO. Skype which was sold by eBay to private investors last year is all set to re-emerge as its own public traded company. A VoIP service provider which has filed with SEC for its first public offer is expected to raise minimum $ 100 million through IPO.

However, the share price is yet to be disclosed. Last year company had been valued $2.7 Billion when it got sold by eBay to private investors including Silver Lake, Index Ventures, Andreessen Horowitz and the Canada Pension Plan (CPP) Investment Board.

Skype, founded in 2003, has emerged as one of the best VoIP & chat tool over the internet. People can chat, msg and talk between Skype – Skype. Taking a step further, Skype launched its service where people can call to any mobile or phone from Skype software using Skype credits. Just few years back Skype also offered Skype phone which allows users to call other phones using Skype phone at low cost.

In 2005 eBay acquired Skype and in fall of 2009 sold a major stake to independent investors. Recently Skype got into controversy with another mobile VoIP service provider named Fring for blocking complete Skype network access to Fring. It would be interesting to see how far Skype manages to match with their current investors expectations. More to come….