Luxembourg-based Skype tentatively put the value of the offering at $100 million, but that’s a rough estimate only used as a basis for calculating the filing fee for the Securities and Exchange Commission.
Skype did not say when its shares would go on sale, or at what price. It expects to list on the Nasdaq Stock Market under an unspecified symbol.
EBay sold 70 percent of Skype for $2 billion to an investor group led by private equity firm Silver Lake, the Canada Pension Plan Investment Board and Andreessen Horowitz. The group owns 56 percent of the company. The remaining 14 percent is owned by Joltid, a firm controlled by the founders of Skype, Niklas Zennstrom and Janus Friis. EBay kept a 30 percent stake.
Another Internet calling service, Vonage Holdings Corp., offered shares to its customers in its 2006 IPO. That turned into a disaster, as unsophisticated investors jumped at the chance to participate, thinking that they could cash out soon. The shares tanked immediately after going on sale, and have never recovered their value. Lawsuits followed.
Goldman Sachs, J.P. Morgan and Morgan Stanley will lead the offering.