Skype Files for IPO

FOXBusiness

Internet calling service Skype announced Monday that it will file for an initial public offering valued at roughly $100 million.

The Luxembourg-based Skype, which was controlled by online shopping site eBay Inc. (NASDAQ:EBAY) until last year, did not specify an offering date or share price.

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Skype will be listed on the Nasdaq.

After purchasing Skype in 2005 for $2.6 billion, eBay sold 70 % of Skype last year for $2 billion to private equity firm Silver Lake, the Canada Pension Plan Investment Board and Andreessen Horowitz.

Skype, which allows Skypers to make telephone or video calls for free on the Internet, generates most of its revenue when users place calls to cellular phones and landline phones outside of the Skype network.

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