Sullivan & Cromwell has secured the lead role to advise Skype on its long-anticipated initial public offering (IPO), as the online communications company prepares to issue US shares worth about $100m (£63m), reports The Am Law Daily.
The US firm already has a relationship with Skype after London-based partner Richard Morrissey, the head of the firm’s European M&A group, advised the consortium of investors that acquired a controlling stake in the company from eBay for about $2bn (£1.3bn) in September.
