Is Go Daddy Filing A Multi-Billion Dollar IPO?

The Go Daddy Group has been selling domain names and website hosting services for over ten years, with some very impressive growth metrics.  In 2008, Go Daddy’s 2,000+ employees managed over six million customers and 34 million domain names with $497.9 million in revenue.

Go Daddy’s founder and CEO, Bob Parsons, launched the company in 1997, three years after selling his first business, a software company, to Intuit for $64 million.  Parsons is the “sole owner”, and controls the business, and when the will ultimately decide to go public.

In 2005, Parsons came up with an idea to feature a “good-looking gal in a tight T-Shirt, with the Go Daddy name across her breasts”, as he puts it.  The concept was to do a parody of the Janet Jackson wardrobe malfunction from the previous Super Bowl halftime concert.  The ad campaign proved to be a huge success for Go Daddy, as the media exposure calling the campaign inappropriate drove more traffic to their site, and ultimately shot their market share up from 16 percent to 25 percent practically overnight.

In 2003 Go Daddy’s revenue was $39.3 million, 2004 was $73 million, 2005 was $139.8 million, 2006 was $240.9 million, 2007 was $349.6 million and 2008 revenue topped $497.9 million.

In 2006 Go Daddy had plans to raise $200 million through an IPO, but ultimately decided not to attempt the IPO, citing difficult market conditions.  In Parsons own words, “we don’t have to go public“.  As Parsons says, “The Go Daddy Group, Inc. has one investor: Me.”

So with no institutional investors pushing to exit their positions at Go Daddy, and Parsons having already made his retirement cash, is there an IPO in the making for Go Daddy any time soon? Its hard to say, but as Parsons would say, he’ll stay “Master of His Own Domain”… for now.

This entry was posted in IPO and tagged , , , . Bookmark the permalink.

3 Responses to Is Go Daddy Filing A Multi-Billion Dollar IPO?

  1. Pingback: uberVU - social comments

  2. Pingback: Despite Huge Revenues, GoDaddy Won’t File A Multi-Billion Dollar IPO Soon | Tehranpi.net

  3. iizuu says:

    Revenues seem to take a hit after elephant and leopard killing spree in Africa. CEO Bob Parsons may not be a great fit for public scrutiny in the public market based on his moral balance on a few things.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>