19-03-2015, 11:54 #1
[EN] GoDaddy's IPO to value Web hosting company at $2.87 billion(Reuters) - Web hosting company GoDaddy Inc's initial public offering is expected to value the company at up to $2.87 billion and comes at a time when there has been a steep fall in the number of companies going public in the United States.
The IPO market has had a slow start this year compared with 2014 when U.S. IPOs raised about $93 billion, the highest since 2000.
Only two technology companies have gone public this year including online data storage provider Box Inc (BOX.N), whose shares have dropped about 27 percent since their debut in January.
But IPO analysts expect GoDaddy, which manages about a fifth of the world's Internet domains, to fare better than Box due to demand for stock offerings from well-established brands with steady revenue streams.
"GoDaddy is a much more seasoned company than Box," said Josef Schuster, founder of IPO investment firm IPOX Schuster LLC.
GoDaddy's offering of 22 million class A shares is expected to be priced between $17 and $19 per share, and raise up to $418 million, the company said in a regulatory filing on Thursday. (1.usa.gov/18KrOB1)
The Internet domain registrar, many of whose Super Bowl advertisements featured race car driver Danica Patrick, had filed to go public in 2006. It later withdrew, citing unfavorable market conditions.
The company, known for its ads that feature scantily clad women, was founded in 1997 and in 2011 was acquired by a private equity consortium led by KKR & Co LP (KKR.N) and Silver Lake Partners LP for $2.25 billion.
After the offering, KKR's class A share stake will fall to 23.9 percent from 27.9 percent. The private equity firm would continue to hold 20.9 percent of GoDaddy's class B shares.
Founder Bob Parsons, who stepped down as executive chairman in June, will hold 40 percent of GoDaddy's class B shares and nearly 24 percent of class A shares after the offering.
The company, which serves 12.7 million customers, is led by Blake Irving, who was Yahoo Inc's (YHOO.O) chief product officer from 2010 to 2012.
GoDaddy's revenue rose 22.7 percent to $1.4 billion in the year ended Dec. 31 from a year earlier. Net loss narrowed to $143.3 million from $200 million.
The company's shares are expected to list on the New York Stock Exchange under "GDDY".
Morgan Stanley, JPMorgan, Citigroup are the lead underwriters of the offering.
(Reporting by Amrutha Gayathri in Bengaluru; Editing by Savio D'Souza)
19-03-2015, 12:53 #2
- Data de Ingresso
- Jul 2012
Boa sorte aos investidores/especuladores.
Deficitária desde sempre, vai buscar funding em outras praias agora que provavelmente a fonte do private equity secou.
31-03-2015, 21:50 #3
GoDaddy IPO values company at $4.5 billion(Reuters) - Web hosting company GoDaddy Inc has priced its initial public offering at $20 per share, above it previously indicated $17 to $19 per share range, valuing it at around $4.5 billion, including debt, according to underwriting sources.
At this price, the IPO would raise $440 million. A GoDaddy spokesman did not immediately respond to a request for comment.
GoDaddy, whose Super Bowl commercials once featured race car driver Danica Patrick and supermodel Bar Rafaeli but have since toned down its advertising, added more than 1.1 million customers last year.
The company was founded in 1997 and in 2011 was acquired by a private equity consortium led by KKR & Co LP and Silver Lake Partners LP for $2.25 billion, including debt.
It has since expanded from its roots in internet domains to provide services to small and medium-sized businesses such as website building and web hosting.
GoDaddy's revenue has risen about 52 percent in last three years to about $1.4 billion and net loss has narrowed to $143.3 million in 2014, from $279 million in 2012.
The company had about $1.3 billion in long term debt on an adjusted basis, as of Dec. 31.
Morgan Stanley, JP Morgan Securities and Citigroup were lead underwriters to the IPO.
(Additional reporting by Liana B. Baker in New York and Neha Dimri in Bengaluru; Editing by Cynthia Osterman)
01-04-2015, 13:55 #4
Web hosting company GoDaddy valued at up to $5.48 billionBy Neha Dimri and Liana B. Baker
(Reuters) - GoDaddy Inc's (N:GDDY) shares rose as much as 34 percent in their debut on Wednesday, valuing the Web hosting and domain registration company at up to $5.48 billion, including debt.
The company, backed by KKR & Co LP (N:KKR) and Silver Lake Partners LP [SILAK.UL], raised $460 million after its initial public offering of 23 million class A shares was priced at $20 per share, above the expected range of $17-$19.
GoDaddy, which sponsors race car driver Danica Patrick, sold all the shares in the offering.
"GoDaddy is a cash flow proven business and has very strong brand recognition and that is driving the initial interest for the deal," said Josef Schuster, founder of research firm IPOX Schuster.
The company's rivals include Endurance International Group Inc (O:EIGI) and Web.com Group Inc (O:WWWW) as well as Amazon.com Inc (O:AMZN) and Google Inc (O:GOOGL), which have recently entered the domain registration business.
GoDaddy had about 13 million customers across 37 countries as of Dec. 31. The company manages about 59 million domains, nearly a fifth of the world's total domains, according to its IPO filing.
Founded in 1997 by Bob Parsons, GoDaddy is led by Blake Irving, a former chief product officer of Yahoo Inc (O:YHOO).
GoDaddy filed for an IPO in 2006 and later withdrew it due to unfavorable market conditions. The company was acquired in 2011 by a private equity consortium led by KKR and Silver Lake for $2.25 billion, including debt.
Parsons will hold nearly 24 percent of GoDaddy's class A shares and 40 percent of class B shares after the offering.
KKR and Silver Lake will each hold 23.9 percent of its class A shares and 20.9 percent and 22 percent of class B shares, respectively, if the underwriters do not exercise their option.
GoDaddy's revenue jumped about 52 percent in the past three years to nearly $1.39 billion, while net loss narrowed to $143.3 million in 2014 from $279 million in 2012.
The Scottsdale, Arizona-based company had about $1.42 billion in long-term debt as of Dec. 31.
GoDaddy, known for its controversial ads, attracted the ire of animal rights activist with its recent Super Bowl commercial featuring a website selling puppies.
The stock opened at $26.15 and touched a high of $26.84 on the New York Stock Exchange.
Morgan Stanley (NYSE:MS), JP Morgan Securities and Citigroup (NYSE:C) were the lead underwriters for the IPO.
01-04-2015, 18:28 #5
GoDaddy shares soar in debut as investors buy into revamp
$26.15 +6.15 +30.75%
Day low $25.49
Day high $26.84
Apr 01, 2015 08:03PM GMT
By Liana B. Baker and Neha Dimri
(Reuters) - GoDaddy Inc's shares rose as much as 34 percent in their debut on Wednesday following a $460 million initial public offering, as investors spotted a bargain in a company making a shift from Internet domains to small-business services.
Founded 18 years ago by Bob Parsons, GoDaddy is hardly a technology start-up, yet investors snapped up its shares in the first day of trading, betting the company can grow further by providing tools to small businesses.
"Even though GoDaddy is almost 20 years old, it's a growth company and it's cash flow-positive, which is what investors are interested in," said Jackie Kelley, global and Americas IPO leader for Ernst & Young. A dearth of technology IPOs in the first quarter may have also contributed to investor appetite, she added.
Other tech IPOs this year include online data storage provider Box Inc.
More Internet-focused companies are expected to go public soon. Etsy Inc, which operates a website that sells handmade goods and craft supplies, said on Tuesday that is it planning an IPO that would value it at $1.78 billion at the top of its expected range.
The stock of Scottsdale, Arizona-based GoDaddy, known for its high-profile TV commercials, opened at $26.15 and touched a high of $26.84 on the New York Stock Exchange. Its public debut comes a day after it raised $460 million from selling 23 million class shares priced at $20, above its expected range [class A shares were expected to be priced between $17 and $19]
GoDaddy filed for an IPO in 2006 and later withdrew it due to unfavorable market conditions. It registered again last year but held out until the Federal Reserve two-day policy meeting last month before going ahead with its plans, GoDaddy CEO Blake Irving said in an interview.
"This is a branding moment to us to say this is a business that really matters at scale globally," he said.
The company manages about 59 million Internet domains, nearly a fifth of the world's total, and has since expanded into new areas and made an international push. Its revenue grew about 52 percent in the past three years to nearly $1.39 billion.
Following its stock market debut, the company is currently valued at up to $5.48 billion, including debt. It was acquired in 2011 by a private equity consortium led by KKR & Co LP and Silver Lake Partners LP for $2.25 billion, including debt. GoDaddy's owners and founder will not sell shares in the IPO and will buy up to $50 million in additional shares.
Última edição por 5ms; 01-04-2015 às 18:34.