GoDaddy has announced officially that they will be taking their company public and analysts are expecting GoDaddy to be worth around $2.87 billion dollars. GoDaddy is expected to sell around $418 million dollars worth of shares on this filing which isn't anything to laugh at. GoDaddy tried to go public back in 2006 but had cold feet and withdrew their application. Reuters has the story.
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.
Including debt, the company could be valued at $4 billion.
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.