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Skype will go public with IPO worth one million dollars

Skype will go public with IPO worth one million dollarsSkype wants to go public. The company is the leader of the Internet phone service.

The company is based in Luxembourg and on Monday it had registered up to an amount of one hundred million dollar worth American depository shares to the Securities and Exchange Commission, in a filing.

The company, in the filing had stated that till date, it has neither decided how many shares it will float in the public offering nor it has fixed the price range for the shares

The company has plans to trade its shares in the Nasdaq Stock Market.

In the month of November 2009 a private equity firm from Menlo Park, in Calif called Silver Lake Partners bough Skype from EBay Inc for about two billion dollars. Skype’s debt so far, for the take over is in the tune of Seven Hundred and Twenty Eight million dollars.

In the filing it stated that it saw a decline in its first six months profit of forty percent amounting to about thirteen millions of dollars because of the rate of interest that it had to pay for the take over. The company saw twenty five percent growths in its revenue amounting to Four Hundred and Six decimal two million dollars.

According to Skype, as the company was able to turn its clients to services those are based on payments like Skype to landline calls or Skype to cell phone calls it saw a growth in its revenue.

However, majority of the customers of Skype avail the free video and voice call service. The free call can be made between any two devices which have the Skype’s software installed in them.

Skype, on June 30, had recorded its number of registered customers to be in the tune of Five Hundred and Sixty millions which is forty one percent more from the last year.