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Skype files for $100m flotation

Skype files for $100m flotation Doctoral Dissertation Research Abroad Internet phone firm Skype has filed for an initial public offering in the US.

The Luxembourg-based company hopes to raise up to $100m (£63m) in the stock market flotation.

Skype will sell American Depositary Shares – which represent shares in foreign companies – and expects to trade on the Nasdaq index.

Skype’s software lets computer and mobile phone users talk to each other for free and make cut-price calls to mobiles and landlines.

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The company did not specify when its shares would go on sale, or at what price.

Read More/Source: BBC News

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