GoDaddy files for an IPO
Domain name hosting and registration company GoDaddy has filed an S1 with the Securities and Exchange Commission today for an initial public offering. Based in Scottsdale, Arizona, GoDaddy was acquired by several private equity companies for over $2 billion three years ago.
The private equity firms placed former Yahoo! exec Blake Irving as CEO and has acquired several companies since then. GoDaddy will likely raise over $100 million in the IPO. GoDaddy hit $1.13 billion in 2013 revenue, but saw $200 million in net losses. In 2014, GoDaddy hit $320 million in revenues with a $51 million net loss.
GoDaddy’s owners include Kohlberg Kravis Roberts & Co. (28 percent), Silver Lake (28 percent) and Technology Crossover Ventures (12.6 percent).