Web hosting company GoDaddy seeks IPO

Website hosting company The GoDaddy Group Inc is preparing for a moment run at initial public offering (IPO), relating to a couple familiar with all the matter, as the 2014 tech IPO pipeline keeps growing.

GoDaddy, the online world domain name registrar and web host known for its racy advertisements, would join a number of high-profile tech names anticipated to go general public this present year in the wake of Twitter Inc's successful introduction. They include Candy Crush developer King Digital, and cloud services providers container and Dropbox.

The business is within the process of picking underwriters for its IPO, among the two resources stated on condition of privacy.

GoDaddy had been not instantly readily available for comment.

GoDaddy had filed to get general public in 2006 but had been advised during the time that it would be necessary to just take a 50 per cent haircut - a portion that is subtracted through the par worth of possessions that are being used as collateral - on its IPO.

The organization as an alternative decided to pull its filing, citing bad market circumstances.

The business, established in 1997, had been eventually acquired by an exclusive equity consortium led by KKR

Other exclusive equity purchasers included Technology Crossover Ventures.

GoDaddy, which offers website domain name brands, is famous for airing bawdy commercials with scantily clad women for the previous decade during the Super Bowl.

The Wall Street Journal first reported on the programs.

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Last modified onWednesday, 17 October 2018 09:44
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