Skype puts off IPO

Thursday Jan 27th 2011 by Staff

Needs time to boost revenues and let its new CEO get up to speed.

"VoIP service Skype has reportedly delayed its IPO until later in the year, citing a need for higher revenue and a plan to get the company 'in better shape'," writes Smartcompany's Patrick Stafford.

"This latest report highlights what many analysts believe to be a fairly shaky plan for an IPO, given the company said it has doubts over whether the company can ever become profitable," Stafford writes.

Follow the link below to read the full story:
Skype delays IPO to give it time to increase revenue and clean up "company"

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