Skype IPO – Details Exposed, Date Not Yet Set

Posted on September 1, 2010 @ 6:48 am

Just one year after spinning off from EBay, Skype has filed the initial documents with the SEC for an original public offering. Though industry watchers have long expected this IPO, there were some surprising numbers in the filings. Users are hoping that the newly-complicated structure behind Skype will not impact the service they love.

Financial health revealed in Skype IPO paperwork

The Skype IPO is proposed at a value of about $ 100 million. Some analysts are very worried about the income and revenue unveiled in the SEC filings. The revenue of the business for the last six months is about $ 406 million. The net income of the company, though, was only $ 13 million. All together, Skype reports a 3 percent net margin. The nine percent of users that actually pay for the Skype service pay an average of $ 96 each and every year.

Skype’s new ownership structure

Following the Skype IPO, the ownership structure will be complex in comparison. American shares are being offered in the business, although it is based in Luxemborg. Stock holders, employees, and private investors will all be considered company owners. These 3 groups will own stock in Skype S.A.,. These stocks can be part Skype Global Holdco, part Skype Global. These two holding businesses can be split – into Skype, Inc. and Springboard Finance, L.L.C.. Springboard Finance, L.L.C., will own 13 operating subsidiaries, including Skype Limited, Skype Sweden and Skype Software.

Possible changes following the Skype IPO

Operating funds are the goal of the Skype IPO. Some corporations can be faced with fundamental changes after an IPO, though. Skype is already moving forward with the iPhone app and deals with wireless carriers. Nothing is for certain yet, so Skype’s 500 million users could have to wait to see what the effect of the Skype IPO could be.







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