Skype, the Internet telephony company with has 560 million registered users (biggger than Facebook’s so far!), announced that it has filed a Form S-1 registration statement with the Securities and Exchange Commission to raise up to $100 million.
Skype’s decision to go public is a result of the company turning into a cash machine. It currently has 560 million registered users and about 124 million of them are active on monthly basis, while about 8.1 million of them are monthly paying users — who on average pay $96 a year for the service. Any increase in the number of average monthly paying users is going to help the company erase any losses and goose up its revenues.