WSJ: GoDaddy prepping for Initial Public Offering
WSJ reports that GoDaddy is interviewing bankers.
It’s no secret that the next step for domain name registrar and webhosting company GoDaddy is an initial public offering. But now we have a bit more concrete understanding of where the company is the process.
The Wall Street Journal reported this afternoon that GoDaddy is in the process of interviewing bankers to take it public. This may be a controlled leak to pique interest by bankers, although I imagine they’ve been knocking on the company’s doors for a long time.
In 2011 the company struck a deal with three private equity firms to buyout much of the company, valuing it at around $2.25 billion.
KKR, Silver Lake Partners, and Technology Crossover Ventures hope to cash out through an IPO. Earlier this week I wrote about how the company’s appointment of Betsy Rafael to its board of directors is a sign of a potential IPO.
If the Wall Street Journal’s information is correct, we might see that happen later this year.