Cheyney Group Marketing

Webregistrar GoDaddy has announcedplans to make an Initial Public Offering (IPO) that will raise them USD 418million and increase their market capitalization to almost USD 3 billion.

GoDaddyhas filed for an IPO last year with the "GDDY" ticker symbol but ithas yet to set an exact date for the IPO. The internet company based in Arizonawhich offers webhosting and domain registration has updated its filing lastweek with the Securities and Exchange Commission, according to Cheyney Group Marketing.

Around61 million Class A and 90.4 million Class B stocks are expected to remain withthe company after its public offering. Each share will range from USD 17 to USD19, and with about 22 million stocks planned to be offered, the company has thepotential to gain USD 2.88 billion in market capitalization.

Thisis not the first time the internet company has planned to go public though --it was first rumored to have an IPO 6 years ago but it did not go through. Thenin 2011, Technology Crossover Ventures, Silver Lake Partners and KohlbergKravis Roberts & Company acquired the firm which was valued at that time atUSD 2.25 billion.

Shouldit successfully go through with listing on the NY Stock Exchange, it's reportedto be valued now at almost USD 3 billion. However, since an IPO opens up acompany's financial condition, it was revealed that GoDaddy lost USD 143million out of its USD 1.4 billion revenue in 2014.

Expertsfrom Cheyney Group Marketing are in agreement that 2015 is still a good yearfor internet firms to go public, and with the brand recognition that GoDaddyalready has, it could prove to be popular with investors.

Sinceit was founded as Jomax Technologies in 1997, it has served around 12.7 millionclients. It currently manages almost 60 million domains, making it the largestweb registrar in the world.