Skype IPO Filings Show Advantages, Weak Points
Friday, October 8th, 2010Just one year after spinning off from EBay, Skype has filed the initial documents with the SEC for an initial public offering. The Skype IPO has been long predicted, though some surprising numbers were exposed within the filings. The ownership structure behind Skype will be rather complex, though the service itself will hopefully remain rather unchanged. Resource for this article – Skype IPO – Information revealed, date not yet set by Personal Money Store.
Financial health of the Skype IPO
The Skype IPO is proposed at a value of about $ 100 million. The Skype SEC filings revealed revenue and income that worries some analysts. The revenue of the business for the last six months is about $ 406 million. Skype reported its net income at $ 13 million. With a 3 percent net margin, the business isn’t really exactly growing easily. The nine percent of users that actually pay for the Skype service pay an average of $ 96 each and every year.
The structure behind Skype’s ownership
Once the Skype IPO is completed, the ownership structure could be somewhat complicated. American shares are being offered in the company, despite the fact that it is situated in Luxemborg. There could be 3 owners of the company – private investors, employees, and stock holders. These three owners will be over Skype S.A., which will issue the stocks. These stocks could be part Skype Global Holdco, part Skype Global. These holding businesses will be split into Skype, Inc. and Springboard Finance, L.L.C. 13 operating corporations, including Skype Sweden and Skype Europe, will be operated by Springboard Finance, L.L.C..
How the Skype IPO might change things
This initial public offering of Skype stock can be used mostly to raise funds. Some businesses can be faced with fundamental changes after an IPO, though. Skype is already moving forward with the iPhone app and deals with wireless carriers. The IPO date is not yet for sure, so the service’s users could have to just wait and see what happens.



