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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 (572) | 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, 04:58 PM Reply Like
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