The New York Times is reporting that talk of a Go Daddy IPO is just like their new slogan states, Its Go Time, as it filed it S-1 with the SEC today.
According to the New York Times, Godaddy had 57 million domains under management as of Dec. 31.
GoDaddy reported $1.1 billion in revenue for 2013, a 24% increase from the previous year but continues to lose money as it reported a $199.9 million loss for 2013, which is narrower than its $279.1 million loss in 2012.
Blake Irving appears to have a $1million salary and it he meets certain targets that salary will double.
Founder Bob Parsons is still the largest shareholder with a 28.1 % stake in the company.
According to the New York Times K.K.R. and Silver Lake each own 28% of the company
According to Bloomberg Godaddy is seeking to raise $100 Million in the IPO
Morgan Stanley, JPMorgan Chase and Citigroup are leading the offering.
Every fund has to be closed. As the clock is ticking, now, the pressure to exit GoDaddy is piling. Not sure the domainers will stick. Stock tip: do not hold for long.