Credit: Shutterstock photoGoDaddy, a leading provider of web registration and hosting services with 57 million managed domains, filed on Monday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely a placeholder. We estimate it could raise $750 million or more. In 2011, the company was bought by a group of private equity firms led by KKR and Silver Lake for $2.3 billion (about half debt and half equity).
The Scottsdale, AZ-based company was founded in 1997 and booked $1.2 billion in sales for the 12 months ended March 31, 2014. Morgan Stanley, J.P. Morgan and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
