Skype IPO
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As the company prepares for a public offering in the next year, Skype released an updated S-1 filing that includes several new revenue, income and usage numbers. As you may have heard, Skype initially filed for an IPO registration statement with the SEC, with the maximum proposed offering amount listed as $100 million (that is a placeholder amount.) It was thought that the IPO would take place early this year, but apparently the company’s newly appointed CEO Tony Bates is looking for more time to get Skype “in better shape.” Skype says that it has grown its average monthly connected users by 38% (to 145 million average monthly connected users) and has grown average monthly paying users by 19%, from the three months ended December 31, 2009 to the three months ended December 31, 2010.
Skype Revenue Up 20 Percent To $860M In 2010; Paid Users Up 19 Percent
Skype Files For $100 Million IPO, Only 6 Percent Of Users Pay
Preparing for an eventual public offering, Skype has now filed an IPO registration statement with the SEC. The maximum proposed offering amount is listed as $100 million, but that is just a placeholder amount. According to the filing, Skype’s revenues for the first six months of 2010 were $406 million, with a net income of only $13 million. But a big portion of that was from interest income. That is only a 3 percent net margin, and this isn’t exactly a new business. Its income from operations was only $1.4 million for the six months.
Big Tech IPO of the Day: Skype Tries to Dial Up $100 Million. | Peter Kafka | MediaMemo | AllThingsD
After Demand , the deluge. Here comes the next big brand-name public offering: Skype, which used to be owned by eBay (EBAY) but was sold off to an investment consortium last fall, is going back on the public market again. The Internet communications company says it will raise up to $100 million in the offering . The investment group that bought the company for more than $1.9 billion last year includes Silver Lake, Andreessen Horowitz and the Canada Pension Plan Investment Board. UPDATE: Someone who wants to remain anonymous suggests that the $100 million “Proposed Maximum Aggregate Offering Price” that Skype’s owners have filed with the SEC is merely a placeholder.
LUXEMBOURG, Luxembourg, Aug. 9, 2010 — Skype S.A., a global technology leader that enables real-time communications over the Internet, today announced that it has filed a Form S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined. Goldman, Sachs & Co., J.P.
The Big Blog - Skype files registration statement for Initial Public Offering
How Skype Plans to Grow Its Business
Skype told potential investors in its first IPO filing today that it plans to grow its business by adding users, offering premium features like group video chat, increasing the number of business users that log in to its service, and adding new monetization models, such as ads. Already, Skype has grown substantially over the last year, reporting in its S-1 that its user base increased to 560 million at the end of June from 397 million a year earlier. The number of users that connect has increased substantially as well, with average monthly connected users increasing to 124 million from 91 million in the past year. While paying customers represent a small percentage of its overall user base, that number has grown as well, to 8.1 million at the end of June from 6.6 million a year ago.
Skype, which separated from eBay late last year, filed for a $100 million IPO this morning . Among the details in its filing : A bunch of information around its huge legal settlement last November with Joltid, the firm controlled by Skype's founders, Niklas Zennström and Janus Friis, to acquire the P2P technology that powers Skype. Specifically: Skype recorded $343.8 million in net legal expenses last year in the settlement , which centered on Skype's acquisition of "Global Index," the software originally licensed from Joltid. "Global Index is software that, among other functionality, facilitates communication in a peer-to-peer network of Skype users."
Skype Spent $343.8 Million To Acquire Its P2P Software From Founders