WSJ: GoDaddy preparing for IPO


GoDaddy Group is gearing up for an IPO and is preparing to interview underwriters in the coming weeks, WSJ reports.

An IPO for GoDaddy would be the latest in a rush of such deals as stock indexes trade near record highs and investors clamor for shares in newly listed companies; the first two months of 2014 marked the busiest start to a year for IPOs since 2007.

A competitor in the website hosting business, Endurance International (EIGI), went public in October; its shares have gained 26% since then.

Comments (1)
  • King Rat
    , contributor
    Comments (1741) | Send Message
     
    All these 'net IPOs remind me of '99 in the months before the market topped.

     

    Sign of a top this time? I sure thought so when Facebook, LinkedIn, Zynga, Groupon, and how many others since filed for IPO. As long as the funny money pours in, it's hard to call a top. At least GoDaddy has been around for a while and is allegedly making a profit. In this absurd market, a PE of about 80 would be fair... for management to sell their shares.
    14 Mar 2014, 04:58 PM Reply Like
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