In an S-1 filing with the SEC on Monday, the popular domain and web-services company GoDaddy filed plans for a $100 million initial public offering of its stock.
The 17-year-old Scottsdale, Ariz.-based firm, which is on pace to rake in $1.43 billion in revenue this year, but has posted losses of $279 million in fiscal 2012, $199.9 million in fiscal 2013, and lists its “total indebtedness” as of the end of May, 2014, at approximately $1.5 billion, listed Morgan Stanley (MS), JP Morgan (JPM) and Citigroup (C) among its underwriters for the IPO. The company has yet to pick a ticker or exchange.
Also, as part of the announcement, GoDaddy founder and former CEO Bob Parsons, who through his investment group owns more than 28% of GoDaddy Class A stock, is resigning from his current position as executive chairman. Parsons is expected to stay on the board.
This is the second time GoDaddy has filed for an IPO. It went this route back in 2006, but then decided the time wasn’t right to go public. The company with about 57 million domains under its management and a reported 12 million customers as of March 31, was eventually acquired by K.K.R., SilverLake and Technology Crossover Ventures for about $2.25 billion in 2011.