Monday, August 9, 2010

What in the heck...

eBay shows notable strength following Skype IPO

9:38 AM ET 8/9/10

EBAY is trading up 5% this morning after Skype filed a Form S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined. Goldman, Sachs, J.P. Morgan Securities and Morgan Stanley will be the joint global coordinators as well as joint book-running managers for the offering.

Now I only wish I knew what that means...

Is the stock going to split or something? Why would Ebay stock be up? I thought they sold Skype.


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