Go Daddy Considers Possible IPO in 2014
Go Daddy, the popular domain name and web hosting company, may become a publicly traded company in 2014.
The Scottsdale-based company is one of Arizona’s top employers both in number and worker satisfaction, and is currently the world’s top domain registrar with 55 million domains under their management.
Go Daddy Operating Company filed an IPO in 2006, however rescinded it due to market uncertainties.
Go Daddy is on track to generate $1.43 billion in revenue this year and potentially $5 billion annually in the next couple years, Go Daddy’s CEO Blake Irving told Bloomberg News. Irving was appointed as CEO earlier this year.
Go Daddy would join a handful of technology companies including Twitter Inc., Box, and Lending Club Corp. rumored to go public in 2014.
The potential IPO coincides with Go Daddy’s new facility in Tempe, slated to open in 2014. Construction on the project started in May of this year, and it’s opening is set to bring 300 more jobs to Arizona. The company currently has 2,776 employees in the Phoenix area, more than half of its entire employee base.
The domain name and hosting service is popular with small businesses, and offers a variety of unique domain suffixes including .la that was rolled out last month.
Go Daddy was founded in 1997 and is headquartered in the Scottsdale Air Park, with offices in Tempe and Phoenix; Sunnyvale, Calif.; Kirkland, Wash.; Denver; Washington, D.C.; and Hiawatha, Iowa.
Read more about Go Daddy’s expansion campus in Tempe here.
Photo provided by Go Daddy.