Web host and domain name registrar
GoDaddy, recognized as one of the leading providers in the industry, is planning an Initial Public Offer (IPO) and is currently choosing an underwriter, a number of sources (including the Wall Street Journal) have suggested.
Established in 1997 by American entrepreneur Bob Parsons, GoDaddy offers a wide range of hosting and domain services. The company caters to more than 12 million customers worldwide and manages 57 million domain names. Its success has been driven by a policy of supporting small businesses in their bid for a successful online presence. The company has become a household name in the United States, especially recognized for its risqué Super Bowl advertising.
This will be Scottsdale-based GoDaddy’s second attempt at an IPO, the first being in 2006. At that stage the value of the company was debated because certain assets were be used by the company as collateral. As a result, the company pulled out of the process.
Do you know of any other providers heading for IPOs? Let us know the details. Add your comments below.
