Bloomberg – Go Daddy Mulling Going Public

Bloomberg is out tonight with an article on Go Daddy going public. Go Daddy filed to go public in 2006 but then withdrew their plans.

From the article:

Go Daddy Operating Co., the website registration and hosting company known for its salacious Super Bowl commercials, may sell shares to the public as early as next year, Chief Executive Officer Blake Irving said.

The Scottsdale, Arizona-based company is on track to generate $1.43 billion in revenue this year, and may reach $5 billion annually within the next two to three years, Irving said in an interview yesterday.

Sales are surging as more small companies turn to Go Daddy for Web-hosting as well as online services like bookkeeping and payments, he said. Go Daddy could ride a wave of successful initial public offerings from Web-based technology companies, including human-resources software maker Workday Inc. (WDAY), data visualization company Tableau Software Inc. (DATA) and information technology management software provider ServiceNow Inc. (NOW)

“There would be strong demand,” Tom Taulli, founder of Los Angeles-based IPOPlaybook.com, said in an interview. “Go Daddy is a known brand, a top player in its market, and cloud IPOs have been red hot.”

You can read the full article here

{ 2 comments… add one }

  • owen frager July 25, 2013, 7:10 pm

    Bet on it. KKR isn’t in this for anything but. And with the public eye on the gTLDS now is when the Super Bowl investment and name recognition pays off.

  • Raymond Hackney July 25, 2013, 7:14 pm

    I agree that is the only reason why KKR came to play. Demand Media will be looking to spin off their registry business into a separate entity it makes sense to go public.

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