Telecoms pioneer Skype to float on Nasdaq in US

Stephen Foley
Tuesday 10 August 2010 00:00
Comments

The group of investors which bought the internet telecoms pioneer Skype from eBay is planning a snap stock market flotation less than a year later.

An initial public offering on Nasdaq is planned to capitalise on the company's continued strong growth. Skype boasted in a document filed yesterday that it had 560 million registered users, and had logged 95 billion minutes of voice and video calls in the first half of 2010. A public market for the shares will help eBay to cash out its remaining 30 per cent stake and show whether its buyers made a good bet when valuing Skype at $2.75bn (£1.73bn) in September.

The consortium was led by Silicon Valley venture capitalists Silver Lake with Andreessen Horowitz, a fund which was set up by the web browser pioneer Marc Andreessen.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in