GoDaddy announced the news of its IPO to raise $396 million.
Here is the news that was published on Nasdaq
GoDaddy aims to raise $396 million at a market cap of $3 billion, or an enterprise value of about $4 billion. Acquired by KKR, Silver Lake and TCV for $2.25 billion in 2011, this domain name registrar behemoth manages about a fifth of the world's Internet domains. GoDaddy plans to continue a mix shift toward higher-margin website building services while managing its debt. 25 LBOs have IPO'd in the past twelve months, averaging a +2% first-day pop and +28% thereon.
Is this step going to affect the domaining fraternity positively or negatively?
Are we going to see less of codes?
Is the customer service going to get better?
Will they focus more on hosting too, to capture the market?
Please share your views on this!
Here is the news that was published on Nasdaq
GoDaddy aims to raise $396 million at a market cap of $3 billion, or an enterprise value of about $4 billion. Acquired by KKR, Silver Lake and TCV for $2.25 billion in 2011, this domain name registrar behemoth manages about a fifth of the world's Internet domains. GoDaddy plans to continue a mix shift toward higher-margin website building services while managing its debt. 25 LBOs have IPO'd in the past twelve months, averaging a +2% first-day pop and +28% thereon.
Is this step going to affect the domaining fraternity positively or negatively?
Are we going to see less of codes?
Is the customer service going to get better?
Will they focus more on hosting too, to capture the market?
Please share your views on this!