Publicly traded new TLD company has a solid market value.
Top Level Domain Holdings, a pure play company focused on new top level domains, has a market cap of around £ 39 million. That’s over $60 million USD.
We’re talking about a company that basically has no revenue. So far it has just been spending on the new TLD process.
As of last February the company had about £ 15 million in cash. A lot of that has surely been spent since then. But to be conservative, let’s assume the market cap net of cash is around £ 24 million. That’s still about $38 million.
This $38 million value is based solely on the potential of its new top level domain business. That includes applying for its own TLDs, helping clients get their TLDs up and running, and partnerships for new TLDs.
That’s a hefty valuation, if you ask me. What it shows is that a lot of people are big believers in the profit opportunity of new TLDs.
Fortunately for TLDH, it doesn’t need all of its bets to pay off. It should have a large enough portfolio to weather a few duds.
What do you think…is Top Level Domain Holdings worth its $60 million market cap?