Skype has officially filed the SEC forms that is the beginning of an original public offering. Though industry watchers have long expected this IPO, there were some surprising numbers in the filings. After the IPO, the ownership structure of Skype could be complex — though users are hoping that Skype will keep the cost-free services it has become common for.
Financial health revealed in Skype IPO paperwork
There is an estimate the Skype IPO can be worth $ 100 million or more. The revenue and income in the Skype SEC filings worry some analysts. The revenue of the business for the last six months is about $ 406 million. The net income of the business, though, was only $ 13 million. All together, Skype reports a 3 percent net margin. The nine percent of users that actually pay for the Skype service pay an average of $ 96 each year.
The structure behind Skype’s ownership
Once the Skype IPO is completed, the ownership structure will be fairly intricate. The business is based in Luxemborg, but they’re offering shares within the company in American stocks. Stock holders, employees, and private investors will all be considered business owners. These three groups will own stock in Skype S.A.,. These stocks could be part Skype Global Holdco, part Skype Global. These holding corporations could be split into Skype, Inc. and Springboard Finance, L.L.C. Springboard Finance, L.L.C., will own and operate 13 operating corporations like Skype Software and Skype Sweden .
Possible changes after the Skype IPO
This initial public offering of Skype stock is being used to raise operating funds. Some businesses could be faced with fundamental changes after an IPO, though. Skype is already moving forward with the iPhone app and deals with wireless carriers. Skype’s 500 million users will end up having to wait and see what effect the IPO has, because not even the IPO date is known for certain.
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