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GoDaddy Files For $100 Million IPO

Posted by ryuzaki0 on 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.

3 of 110 comments (clear)

  1. Re:Another bubble by tomhath · · Score: 4, Informative

    I have to agree with you on both points. Although it's more likely the venture capitalists who are trying to get out of the sinking boat at this point.

  2. Re:sounds dire by kelarius · · Score: 2, Informative

    I assure you, it's a real site. You may want to check for malware.

    WOOOOOSH

    --
    Personally I'd rather have my idiots at home glued to the TV than out doing idiotic things
  3. Re:like those are hard to see on teh intarwebs by kurkosdr · · Score: 4, Informative

    GoDaddy: A cybersquatter masquerading as a registrar. If you forgot to pay the bill, they 'll take down your site and will fill up your domain with ads. And god forbid you actually break their TOS. They 'll take your domain and put ads, you won't be able to take it back, and they wom't even tell you which parts of the TOS you supposedly broke. There was a site "nodaddy" detailing those things.