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Business News

GoDaddy files for IPO


Website domain company GoDaddy said late on Monday it has filed papers with regulators for an initial public offering (IPO) of shares.

GoDaddy, which was acquired by a consortium including private equity firms KKR and Silver Lake for more than $2 billion in 2011, filed for a so-called “placeholder” IPO registration filing for up to $100 million.

The eventual amount involved in such IPOs often rises considerably.

In its filing, GoDaddy said it is the leading domain name Marketplace with 57 million domains under management as of December 31, 2013 -- about 21% of the world’s domains.

GoDaddy said it had $1.1 billion of revenue in 2013, up from $610 million in 2009, and a capitalization of $1.83 billion as of March 31, 2014.

The filing did not give details how many shares GoDaddy planned to sell or details on price. The company did not name the exchange on which it intends to list.

GoDaddy originally filed for an IPO in 2006 but the deal did not go ahead due to market conditions.