Go Daddy is ready to “Go Public”
and has enlisted the help of Lehman Brothers to manage
its initial stock offering. The IPO is expected to bring in more
than $100 million to Go Daddy Group Inc.
Research firm BMO Nesbitt reports that
GoDaddy.com is the largest domain name registrar on the web with an
estimated portfolio of 9 million domains names. Back in 2002, the company
hadn't even cracked the 2 million mark.
The recent interest in blogs and the
large spike in personal websites has bolstered Go Daddy's tremendous
growth. Recent reports show that the number of blog sites (which more
often than not require a private domain name) are doubling every six
months. MarketWatch reports:
Judging by the company's current market
share and the pricing of its products and services, Go Daddy Group
probably generates about $200 million in annual revenue, according to
Andrew Schroepfer, president of Tier 1 Research. The firm's revenue
jumped to $75.68 million in 2004 from less than $1 million in 2000,
according to accountancy firm Deloitte & Touche, which ranked the
company as the 20th fastest-growing technology company in a 2005
Many people got their first taste of
GoDaddy.com with their risqué 2005 Super Bowl ad which
featured a buxom brunette in some rather revealing attire. The
commercial was canned after just one airing – what a shame.