GoDaddy Files For $100 Million IPO

Posted by ryuzaki0 on Tuesday June 10, 2014 @12:03AM from the if-at-first-you-don't-succeed dept.

mpicpp (3454017) writes with news that GoDaddy has filed to make an initial public offering "This is the second time GoDaddy has tried to go public. It went this route back in 2006, but then backed out when it didn't get the pricing it wanted." The SEC Filing indicates that they are not in the greatest financial condition. Quoting CNN: "GoDaddy hasn't made a profit since 2009. The company lost $279 million in 2012. It bled another $200 million last year. This year doesn't look much better, with another $51 million lost in the first quarter." Founder Bob Parsons, currently executive chairman, will be stepping down but remaining on the board of directors.

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Re:sounds dire by Impy+the+Impiuos+Imp · 2014-06-10 00:12 · Score: 5, Funny

I went to godaddy.com to see what the heck they do anyway, but I just got a spam page saying godaddy.com was up for sale and did I like to buy it?

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Re:How by Thanshin · 2014-06-10 00:39 · Score: 1, Funny

How the fuck do you blow $200+ million a year being a registrar?

$20M CEO.
$15M CFO.
$15M CIO. ...