09 June 2014

GoDaddy files for IPO, SEC Form S-1

GoDaddy revs up IPO plans: "GoDaddy Group, an Internet hosting company and domain registrar with a reputation for raunchy ads, today filed for an initial public offering, three years after being acquired by private equity firms for $2.25 billion. The Scottsdale, Ariz.-based company listed $100 million as the amount it plans to raise, but a source familiar with the situation says that is just a placeholder, as GoDaddy has not yet reached a final determination on offering amount. Morgan Stanley and J.P. Morgan are listed as lead underwriters. No ticker symbol nor exchange was listed. GoDaddy reports a $200 million net loss on $1.13 in revenue for 2013, compared to a $279 million net loss on $979 million in revenue for 2012. Its 2014 also is tracking better than 2013, based on a $51 million net loss on $320 million in revenue for the first quarter. GoDaddy previously filed for an IPO in 2006, before later abandoning the effort over apparent valuation concerns. At the time, founder and then-CEO Bob Parsons also wrote in a blog post that he had balked at SEC ‘quiet period’ regulations. The self-described “outspoken” executive called the quiet period “suffocating” and didn’t want to give up his weekly radio show, or other planned radio and TV appearances...." (read more at link above)

For more info: Form S-1 filing with the SEC

more news links below (on mobile go to web version link below)



expVC.com Domain Name News Archive

expVC.com on Twitter