GoDaddy will draw $ 100 million from the IPO
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Web hosting company GoDaddy procedure proceeds to the company's initial public offering. The company filed on the eve of a formal request for accommodation with a plan to attract $ 100 million. In a statement, GoDaddy does not say how many shares will be offered for sale, as well as what will be the price range of accommodation. These details hoster intends to present in the official prospectus before placement. On the western market GoDaddy is known for its aggressive and wide advertising campaigns. Last year, revenue was hosting this $ 1.1 billion, with 13% of this amount, the company sent to the advertising and marketing. At the same time, we know that GoDaddy is unprofitable: in 2012 its net loss amounted to 279 million dollars in 2013 - 200 million by the end of last year, there were 57 million GoDaddy domains under management. The company is engaged in web hosting and provision servers for rent . expected that the IPO process can take place in a few weeks, and next week will start consultations with GoDaddy underwriting banks on the procedure of placement of shares on the stock market. WSJ notes that in view of the upcoming audit, marketing, IPO and other procedures related to the IPO, the company's securities trading can begin early in the second half of 2014. GoDaddy company was established 17 years ago and became one of the pioneers of the international market of commercial hosting. On IPO GoDaddy say at least since 2007, but until now the company has not withdrawn its shares on the market. WSJ reported that among banks IPO underwriters appears Bank Moelis Co, which previously held IPO King Digital Entertainment (developer of Candy Crush Saga ), as well as GoDaddy competitor company Endurance International Group. Earlier, the GoDaddy attracted funds from private investors, particularly from funds KKR & Co, Silver Lake and Technology Crossover Ventures. Last are actually owners of the company, since it bought the paper for $ 2.25 billion.
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