GoDaddy Looking to File for IPO

Domain Name registration and web hosting company GoDaddy is doing its homework for launching its second Initial Public Offering (IPO), Reuters has reported citing sources familiar with the development.

GoDaddy, which is one of the most popular and largest domain name registrar and web host, will be joining the  league of many other big tech companies who are going for a 2014 IPO after the success of Twitter. Other recent IPO announcements have been from King Digital that is the owner of Candy Crush Saga game and cloud storage providers Dropbox and Box.

Reuters has reported that GoDaddy is currently in the process of finalizing the underwriters for the IPO.

GoDaddy had earlier tried to go for IPO in 2006 but it was told by regulators that it will have to subtract 50 percent from the par value of assets which were being used as collateral at that time for IPO. At this the company decided to pull back its filing saying that the market conditions were not favorable.

GoDaddy was founded in the year 1997 and was acquired in 2011 by Silver Lake and KKR & Co for $2.25 billion in 2011.

The news was first reported by the Wall Street Journal.

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