GoDaddy files for $100M IPO
Scottsdale’s GoDaddy, the domain name and web hosting company that has helped numerous small businesses and distributed 57 million domain names, has submitted a registration statement proposing a $100 million initial public offering (IPO) of its stock.
The company announced that it filed the registration statement with the United States Securities Exchange Commission (SEC) Monday, but it has not yet gone into effect. The IPO offers shares of its Class A common stock, but the details of the amount of shares and their prices have yet to be released.
This is the second attempt in which the company has tried to go public. The first attempt was in 2006, but the company recoiled when the pricing was not up to par with their expectations.
In the past few months GoDaddy has expanded its international reach to 21 new markets and 14 new languages and has added numerous domain names like .CLUB and .GURU to its already unique list of domain names. GoDaddy and Microsoft recently partnered to offer small businesses Office 365 and GoDaddy’s Get Found product was the talk of the town when Danica Patrick was featured in another Super Bowl ad. The first six months of 2014 have been a roller-coaster of exciting things happening over at GoDaddy.
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For AZTB’s past coverage of GoDaddy click here
The AZTB team reached out to GoDaddy but they declined to comment because of restrictions laid out by the SEC. AZTB will update this story when new information is disclosed.