Internet-based phone service Skype filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering, reports Reuters.
According to Skype’s S-1 filing for the SEC, it’s looking to grow the small and medium-sized businesses market for video chat and collaboration tools, as well as consumer video chat with premium features, such as group video chat. It did not specify the number of shares Skype would sell or give an expected price range, but it did say the company expects to trade on the Nasdaq.
In the first half of 2010, the company’s 560 million registered users logged 95 billion minutes of Skype voice and video calls, according to a regulatory filing. Net revenue rose 25.1 percent to $406.2 million in the first half of 2010 compared with a year earlier. In 2006, EBay sold off its controlling interest in Skype.
The network is operated by a company called Skype Limited, headquartered in Luxembourg and partly owned by eBay.
