GoDaddy Files for IPO — Again

GoDaddy filed paperwork with the Securities and Exchange Commission to raise $100 million in a public offering.

The domain registration service previously filed to go public in 2006, but later scrapped those plans and was eventually acquired by K.K.R. and Silver Lake for about $2.25 billion in 2011. GoDaddy second IPO attempt had been rumored for months. The company has yet to pick a stock ticker or exchange, but it has hired Morgan Stanley, Citigroup and J.P. Morgan as underwriters for the IPO.

GoDaddy posted a net loss of $200 million on revenue of $1 billion in 2013, according to the filing, compared to a net loss of $279 million on revenue of $979 million in 2012. For the first three months of this year, GoDaddy had a net loss of $51 million on revenue of $320 million. Read more...