Domain name registrar GoDaddy raised $ 460 million on the New York Stock Exchange
According to the publication CNews, GoDaddy, the world's largest domain name registrar, has entered the IPO. According to the results, about $ 460 million were invested in the company, and the company valuation was $ 4.5 billion. The IPO was held on the New York Stock Exchange.
On the first trading day, 23 million ordinary shares were sold at $ 20 per share. It was originally planned to sell them for $ 17-19. Placement was organized by Morgan Stanley, JP Morgan Securities and Citigroup.
GoDaddy was created by Bob Parsons in 1997. The purpose of the creation of the company was to give the opportunity to a wide audience to place their website on the Internet hosting. In 2011, GoDaddy was acquired by an investment consortium led by KKR & Co funds. and Silver Lake Partners.
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The new owners decided to change the direction of the company. They invited Blake Irving, the ex-director of product from Yahoo, who made a GoDaddy service provider for small business owners.
Over the past 3 years, the company's annual revenue has increased to $ 1.4 billion rubles by approximately 52%. In 2014, the company's loss decreased to $ 143.3 million compared to $ 279 million in 2012.
Recently, companies such as Amazon.com, Google and Microsoft began to provide domain registration services. GoDaddy's direct competitors are Endurance, United Internet, Web.com.
The first time GoDaddy's application for an IPO was filed in 2006, but soon the company canceled it, explaining its action by an unfavorable market situation. The second time the application was filed in June 2014.
Some other high-tech companies are also planning an IPO in 2015. Etsy, an online retailer of handmade goods, is set to set the price at $ 14-16 per share. It is assumed that the IPO, it will receive a valuation of $ 1.78 billion.
In January 2015, the cloud service provider Box held its first IPO, where it raised $ 175 million, valuing $ 2.5 billion.
On the first trading day, 23 million ordinary shares were sold at $ 20 per share. It was originally planned to sell them for $ 17-19. Placement was organized by Morgan Stanley, JP Morgan Securities and Citigroup.
GoDaddy was created by Bob Parsons in 1997. The purpose of the creation of the company was to give the opportunity to a wide audience to place their website on the Internet hosting. In 2011, GoDaddy was acquired by an investment consortium led by KKR & Co funds. and Silver Lake Partners.
')
The new owners decided to change the direction of the company. They invited Blake Irving, the ex-director of product from Yahoo, who made a GoDaddy service provider for small business owners.
Over the past 3 years, the company's annual revenue has increased to $ 1.4 billion rubles by approximately 52%. In 2014, the company's loss decreased to $ 143.3 million compared to $ 279 million in 2012.
Recently, companies such as Amazon.com, Google and Microsoft began to provide domain registration services. GoDaddy's direct competitors are Endurance, United Internet, Web.com.
The first time GoDaddy's application for an IPO was filed in 2006, but soon the company canceled it, explaining its action by an unfavorable market situation. The second time the application was filed in June 2014.
Some other high-tech companies are also planning an IPO in 2015. Etsy, an online retailer of handmade goods, is set to set the price at $ 14-16 per share. It is assumed that the IPO, it will receive a valuation of $ 1.78 billion.
In January 2015, the cloud service provider Box held its first IPO, where it raised $ 175 million, valuing $ 2.5 billion.
Source: https://habr.com/ru/post/289152/
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