Domain Registrar GoDaddy Plans $100 Million IPO

Martin Bolton 15/04/06

Rumours abound that leading domain registrar GoDaddy is planning on taking the company public with a $100 million IPO. Sources are linking them with Lehman Brothers, the equity and asset management specialists, as likely a likely management team for the IPO.

However trying to get confirmation out of the Go Daddy Group has been impossible with vice President of Public Relations, Elizabeth Driscoll decling to comment on the IPO.

GoDaddy.com is the worlds largest domain registrar with over 9 million domain names currently under their management and with domain name renewals currently running at between 50% and 75% dependent on the tld there is the likelihood of strong long term profits for the company, especially with the boom in personal sites and blogs over the past year.

Given the comapanies current position analysts have valued the company at approximately $250 million, though it is difficult to say just how profitable the company is given that private companies do not report profits in the US. Other companies in the sector are valued at about 1.3 times annual revenue.

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