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GODADDY LAUNCHES IPO: NEW ASSET FOR STOCK.COM TRADERS

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GODADDY LAUNCHES IPO: NEW ASSET FOR STOCK.COM TRADERS

GODADDY LAUNCHES IPO: NEW ASSET FOR STOCK.COM TRADERS

March 31 2015, 10.08am GMT

STOCK.com

GoDaddy web hosting is good to go on the STOCK.com MT4 platform.

The initial public offering of GoDaddy will go live this week and will be offered as a new asset on the STOCK.com platform, making this the twelfth new stock instrument released on MT4 by STOCK.com this month.

Many analysts are giving positive indications towards a BUY for investors as the stock looks cheap and, though losses are apparent, revenues have forward growth and look strong.

GoDaddy is expected to offer its 22 million shares at the $17 to $19 price range, and is forecast to raise $480,700,000.

However, when placed comparatively with its main group of counterparts in the tech industry – AOL, Google, Yahoo, Yelp, Facebook – the long term borrowing that underlines three quarters of GoDaddy’s free cash flow, pushes some analysts to a more cautious approach.

The IPO will happen this week with the cast of Citigroup Global Markets, JPMorgan Securities and Morgan Stanley & Co. as lead underwriters. GoDaddy is based in the United States and offers web hosting and domain registration services. Headed up by CEO and Board Director Blake Irving since 2013, he is joined at the board mainly by former Yahoo and KKR Managers. Prior to joining Go Daddy, Irving was EVP and Chief Product Officer at Yahoo. His previous experience includes positions at Microsoft Xerox and Compaq.

Built up from 1997, GoDaddy now offers a mainly discount service of registration, renewal and transfer services for domain names with extensions including .COM, .NET, .ORG, .INFO, .BIZ, and .US domains, plus net-new SSL certificates, ecommerce solutions, sales and marketing software, Website creation and design, and other cloud-based services. Currently with 14 global bases, 14,000 staff and 13 million customers, GoDaddy tends towards the affiliate selling approach to niche targets.

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