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Skype plans $100m IPO

Bloomberg News / August 10, 2010

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NEW YORK — Skype, which provides software that lets users make telephone and video calls over the Internet, filed yesterday to sell $100 million worth of shares in an initial public offering.

The Luxembourg company, whose investors include eBay and the private equity firm Silver Lake, did not disclose the number of American depositary receipts it plans to sell or the price range of the US offering, according to documents it filed with the Securities and Exchange Commission.

Skype, founded in 2003, has lost money in four of the past five years. It said it will use the IPO’s proceeds for general corporate purposes.

The last six US firms that staged IPOs offered discounts, while Netherlands-based NXP Semiconductors raised 33 percent less than it had sought.

While the number of planned IPOs rose to the highest level since 2007 last quarter, half of the US IPOs since then have left buyers with losses, Bloomberg data show.