GoDaddy goes for $100M IPO

After more than 15 years of being in business, the massive Web hosting company files for an initial public offering.

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Screenshot by CNET

GoDaddy filed for an initial public offering on Monday that could be more than $100 million.

The Web hosting company filed its S1 document with the Securities and Exchange Commission revealing that it earned $1.13 billion in revenue in 2013, up from $910 million in 2012 and $894 million in 2011. However, the company also had net losses of nearly $200 million in 2013.

GoDaddy is proposing to raise $100 million for its IPO, according to its filing. However, that number could go up. The chief underwriters for the IPO include Morgan Stanley, JP Morgan, and Citigroup.

The Scottsdale, Ariz.-based company was founded in 1997 and rose to become one of the world's largest registrars of domain names. In 2011, several private equity groups -- including KKR & Co., Silver Lake Partners, and Technology Crossover Ventures -- bought GoDaddy for reportedly between $2 billion and $2.5 billion.

GoDaddy declined to comment when contacted by CNET.

 

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