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Skype poised for initial IPO August 9, 2010

Posted by TelUS Consulting Services in VoIP catagory.

With its software on the verge of being integrated into every device that could handle it, it looks like it’s time to cash in. According to GigaOM and an S-1 filling with the SEC, Skype is seeking to raise $100 million through an initial public offering (IPO).

Skype has been making waves lately with its various mobile applications, deals with carriers and the open API that will seek to see Skype embedded on toasters far and wide. Now we can add one more wave to this Skype sea of news with the filing of their IPO. GigaOM writes that while most figured this move was coming, the IPO does seem to have come a little sooner than expected. The IPO will be handled by Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley and a few other financial firms. When the IPO is completed, the company will trade on NASDAQ.

On a personal note, I have recently begun utilizing the video capabilities of Skype and find them to be outstanding for the price (free). The software appears to be integrated into most pc’s these days and appears to be poised for massive growth in the near term. This is definately one to watch.

Joe Buck, N.C.E.

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