GoDaddy, the Internet domain hosting and registrar company, filed its S1 with the Securities and Exchange Commission today for an initial public offering.
Domain Giant GoDaddy Files for an IPO
Every time an Internet company files to go public, a banker gets his fee.
The move for the Scottsdale, Ariz.-based company comes three years after it was acquired by several private equity firms for over $2 billion, after abandoning IPO plans nearly a decade ago. Since then, it has hired former Yahoo exec Blake Irving as its CEO and has been on an acquisition spree to solidify its range of offerings to small and medium businesses.
In the filing, GoDaddy said it was raising $100 million, but that amount is likely to be larger.
The company said it had $1.13 billion in revenue in 2013, but had $200 million in net losses. Results have improved in 2014, with $320 million in revenue and a $51 million net loss.
Big owners of GoDaddy include Kohlberg Kravis Roberts & Co. (28 percent), Silver Lake (28 percent) and Technology Crossover Ventures (12.6 percent). All recently also got a big payout from a loan the company took out.
The bankers for this outing are J.P. Morgan, Morgan Stanley and Citigroup, if you care about such things.
Here’s GoDaddy’s S1 for your perusal:
This article originally appeared on Recode.net.
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