View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
March 20, 2015

GoDaddy to pay off debts after IPO

Initial Public Offering values the company at around $3bn.

By James Nunns

GoDaddy has set a price range for its Initial Public Offering, which could see it raise up to $418 million. This would give the company a market value of around $3bn.

The company will be offering 22 million shares to the public at a value of between $17 and $19 apiece.

Much of the proceeds from the IPO will go towards repaying some of the company debt which came as a result of its 2011 buyout by private-equity firms Silver Lake, KKR & Co and TCV Investments.

However, the main purpose of the offering is to reintroduce the company to investors and customers. It is expected that the private-equity investors won’t be selling any of their stakes and may instead increase their shares.

GoDaddy, Chief Executive, Blake Irving, said: "There’s more to our story than you may know. Most people still don’t know what GoDaddy is. So where we’re putting our advertising and brand dollars is explaining who we are and what we do."

Although GoDaddy‘s revenues rose last year by 23% to $1.4 billion, it still posted a loss of $143.3 million.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.