As the start of an initial public offering, Skype has filed financial forms with the Securities and Exchange Commission. Though industry watchers have long expected the Skype IPO, there were some surprising numbers which were discovered in the filings. The ownership structure behind Skype could be fairly complex, though the service itself will hopefully remain relatively unchanged. Resource for this article – Skype IPO – Details revealed, date not yet set by Personal Money Store.
Financial health revealed in Skype IPO paperwork
The Skype IPO is proposed at a value of about $ 100 million. The revenue and income within the Skype SEC filings worry some analysts. The revenue of the business for the last six months is about $ 406 million. Skype reported its net income at $ 13 million. A 3 percent net margin means that Skype is not growing easily, though it is growing. The nine percent of users that pay for the service pay an average of $ 96 per year.
Skype’s new ownership structure
Following the Skype IPO, the ownership structure could be difficult in comparison. The business is situated in Luxemborg, though it is offering American shares. Stock holders, employees, and private investors will all be considered business owners. These three groups will own stock in Skype S.A.,. These stocks can be part Skype Global Holdco, part Skype Global. Two businesses – Skype, Inc. and Springboard Finance, L.L.C. will be owned by these companies. Springboard Finance, L.L.C., will own 13 operating subsidiaries, including Skype Limited, Skype Sweden and Skype Software.
Expected changes after the Skype IPO
This initial public offering of Skype stock can be used mostly to raise funds. In the end, though, offering stock can fundamentally change the goals of a business. Skype is already making deals with wireless carriers and the iPhone application is proving popular. The IPO date is not yet for sure, so the service’s users could have to just wait and see what happens.
