Web services giant GoDaddy files for $100m IPO

godaddy files 100m ipo

Domain registration and Web services firm GoDaddy filed IPO papers with the US Securities and Exchange Commission on Monday, revealing it hopes to raise $100 million in the process.

Those with long memories will recall that the Scottsdale, Arizona company first filed for an IPO back in 2006, though scrapped the plan several months later due to adverse market conditions.

In the last year or so there’s been increasing talk around the idea of a second attempt, with GoDaddy CEO Blake Irving telling Bloomberg in an interview last year, “The growth we are seeing positions us very well to be a public company. We could go public today, but I want to demonstrate that execution against my strategy is happening.”

Since joining GoDaddy from Yahoo in January 2013, Irving has been active in making significant changes to the company’s business plan, hiring talent from big hitters such as Google, Amazon and Microsoft, as well as pushing its operations into more European countries, including Spain, Portugal, France and Germany.

Despite a rise in revenue in the last few years, GoDaddy, which launched in 1997, is still having to deal with sizable net losses. In 2012, for example, it generated revenue of $910 million with a net loss of $279 million. Last year was better, with revenue coming in at just over $1 billion alongside $200 million in net losses.

The company, which hasn’t turned a profit in five years, was bought by a number of private equity firms in 2011 for somewhere in the region of $2 billion.

Despite the less-than-stellar financial figures, the company is at least expanding its customer base, which, according to its IPO filing, currently stands at over 12 million.


Lime clocks 20 million rides as its bikes and scooters arrive in Oz

Lime only launched its app-based scooter and bikesharing service in 2017 but its riders have already completed 20 million rides, with half of them taking place in the last two months alone. And now it's launching in Australia.

From Rolls-Royce to Lamborghini, these are the most expensive cars in the world

If you recently discovered an oil reserve in your backyard, you probably have some extra cash to spend. Look no further, because we’ve rounded up the most expensive cars in the world.

Tesla appoints Robyn Denholm as chair, Elon Musk steps down

Tesla co-founder and CEO Elon Musk agreed to step down from his role as chairman as part of a settlement deal with the SEC. Tesla has named a 55-year-old Australian businesswoman named Robyn Denholm as his successor.
Emerging Tech

These 11 catastrophic rocket crashes highlight just how difficult space travel is

Space is a tricky business. Failure is common and often results in an explosion, a fiery crash and sometimes the loss of lives. Our video compilation of the worst rocket crashes shows just how catastrophic a mission failure can be.

Data stolen from HealthCare.gov includes partial SSNs and immigration status

Around 75,000 users have had their user data stolen from government site healthcare.gov, including information on their immigration status, whether they were pregnant, and partial social security numbers.

Make a GIF of your favorite YouTube video with these great tools

Making a GIF from a YouTube video is easier today than it's ever been, but choosing the right tool for the job isn't always so simple. In this guide, we'll teach you how to make a GIF from a YouTube video with our two favorite online tools.

Google honors Veterans Day by highlighting military service stories

For Veterans Day, Google is honoring the heroes that served the country with a new Google Doodle that highlights the stories of five veterans from the five different branches of the military.

From beautiful to downright weird, check out these great dual monitor wallpapers

Multitasking with two monitors doesn't necessarily mean you need to split your screens with two separate wallpapers. From beautiful to downright weird, here are our top sites for finding the best dual monitor wallpapers for you.

How to change your Gmail password in just a few quick steps

Regularly updating your passwords is a good way to stay secure online, but each site and service has their own way of doing it. Here's a quick guide on how to change your Gmail password in a few short steps.

Need a free alternative to Adobe Illustrator? Here are our favorites

Photoshop and other commercial tools can be expensive, but drawing software doesn't need to be. This list of the best free drawing software is just as powerful as some of the more expensive offerings.

Edit, sign, append, and save with 12 of the best PDF editors

There are plenty of PDF editors to be had online, and though the selection is robust, finding a solid solution with the tools you need can be tough. Here, we've rounded up best PDF editors, so you can edit no matter your budget or OS.
Emerging Tech

Alibaba’s Singles’ Day sale smashes online shopping records

The annual online shopping frenzy that is Singles' Day this year raked in $30.8 billion, up from $25 billion last time around. The Alibaba-organized event generates more in sales than Black Friday and Cyber Monday combined.

Apple to boost its Amazon presence with listings for iPhones, iPads, and more

Apple is about to start offering more of its kit on Amazon. The tech giant currently only has very limited listings on the shopping site, but the deal will see the arrival of the latest iPhones, iPads, MacBooks, and more.

If you've lost a software key, these handy tools can find it for you

Missing product keys getting you down? We've chosen some of the best software license and product key finders in existence, so you can locate and document your precious keys on your Windows or MacOS machine.