Godaddy files for $100 Million IPO
Godaddy has filed the necessary paperwork for an IPO of $100 Million (it could be even more). In the S1 document filed with the Securities and Exchange commission the company has revealed that it has earned $1.13 billion in revenue during the year 2013. For the years 2012 and 2011, the revenues claimed by the company are $910 million and $894 million, respectively.
Godaddy proposes to raise $100 million for its IPO. This is not the first time the company is attempting an IPO. Earlier in 2006 filed the same but then retracted. The company was then acquired by K. K. R. and Silver Lake in 2011 for about $2.25 billion.
The company has also posted its loss for the years 2013, and 2012. For 2013, the company’s net loss is $200 million on a revenue of $1 billion and for the year 2012, the company’s net loss is $279 million on a revenue of $979 million. For the first three months of 2014 the company has had a net loss of $51 million on a revenue of $320 million.
And the company has 57 million domains under its management as of the end of 2013.
If these figures are pleasing to the investors Godaddy’s IPO will go smoothly as it most probably expected. However there are also chances that the investors would not find the figures up to the mark, in which case things might not proceed as expected.
Let see how much attraction the IPO gains!