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Skype files for $ 100 Million IPO | Internet Telephony Giant Skype plans grand IPO

Skype the internet telephony giant announced on Monday that it has filed an S-1 statement with the Securities and Exchange Commission and plans an IPO of $ 100 Million. After the IPO, Skype will trade on the Nasdaq Global Market. Goldman Sachs, J.P. Morgan, and Morgan Stanley are among the banks handling the IPO. Neither a price range nor a date for the IPO have yet been set.

This IPO had been a long awaiting call for Skype since 2009, when online auction giant eBay, which had acquired Skype in 2006, sold off its controlling interest in Skype.

Skype offers a software-based communications service that allows people to make free voice and video calls over the Internet to other Skype users using almost any Internet-connected device. The VoIP service also allows people to make and receive calls from regular telephone numbers using a paid service. Its chat application is also used widely used by chat users.
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