Skip to content

Tight t-shirts won't get GoDaddy out of its financial mess: but a public offering to the tune of $100 million might

By Catholic Online (NEWS CONSORTIUM)
6/10/2014 (3 years ago)
Catholic Online (www.catholic.org)

Offering $100 million in initial public stock

Website registration company, GoDaddy, has filed with the Security and Exchange Commission for a $100 million initial public offering of its stock.

Danica Patrick,is a professional auto racer and spokesperson for website domain registration website, GoDaddy.

Danica Patrick,is a professional auto racer and spokesperson for website domain registration website, GoDaddy.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (www.catholic.org)
6/10/2014 (3 years ago)

Published in U.S.

Keywords: News, US, internet


LOS ANGELES, CA (Catholic Online) - The company, known for racy ads featuring professional driver Danica Patrick and other women, also showed a dismal finance history, revealing that the company hasn't made a profit since 2009.

Heed the call: Join Pope Francis and his war against world hunger.

In 2012 the company lost $279 million and another $200 million in 2013. This trend looks to continue this year, posting losses of $51 million in the first quarter.

One possible explanation for these losses is the major debt accrued by the company back in 2011. Three private equity firms came to the rescue back then, with $2.25 billion to purchase a major stake in the company.

As part of this announcement, founder of GoDaddy, Bob Parsons is stepping down from his position as executive chairman, though he'll remain a board member. Back in 2011 he stepped down as the CEO.

Parsons owns 28% of the company, and the three firms who purchases the stake back in 2011-KKR & Co., Silver Lake Partners and Technology Crossover Ventures-own 28%, 28% and 12% of the company respectively.

Beyond the current dismal postings, GoDaddy is showing some positive growth. The company's customer base has been expanding by 13% a year and reached 11.6 million customers back in 2013. The current total of registered websites has also grown, hitting 1.4 million that same year.

The company is also looking into selling new top-level domains, like .nyc and .bike, which will soon become available pending approval from the Internet Corporation for Assigned Names and Numbers.

Back in 2006 GoDaddy tried to go public but backed out when it didn't get the pricing it wanted. This time, the company plans to offer an unknown number of shares of common stock. There's no word yet on what the company's ticker will be.

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for OCTOBER 2017
Workers and the Unemployed.
That all workers may receive respect and protection of their rights, and that the unemployed may receive the opportunity to contribute to the common good.


Comments


More U.S.

Callista Gingrich is the next U.S. Ambassador to the Vatican Watch

Image of Callista Gingrich is the new U.S. Ambassador to the Vatican.

On Monday, the U.S. Senate confirmed Callista Gingrich, wife of former House Speaker Newt Gingrich, as the next U.S. Ambassador to the Holy ... continue reading


Pope Francis prays for California and victims of the fires Watch

Image of We pray for the victims of these terrible fires. Hundreds remain missing.

With more than 30 deaths caused by the various wildfires devouring swaths of California, Pope Francis on Friday sent a message voicing his ... continue reading


No more kneeling? NFL Commissioner says 'players should stand' Watch

Image of Players have also been divided on the protests, with some joining, and other standing.

NFL Commissioner Roger Goodell has asked league owners to have their players stand for the national anthem. The lamented in a letter to all ... continue reading


America's fatal obsession with guns Watch

Image of An Illinois man traveled across the country with homemade crosses for the victims of the Las Vegas mass shooting.

"It's the worst mass shooting in modern American history." The above opening sentence is the exact lead sentence I used in a column last ... continue reading


JUST AS EVIL: Internet pornography is the 'neon coliseum' of the modern age Watch

Image of Pornography is just as destructive as watching people die for entertainment.

It's well-known that in ancient Rome hundreds of thousands of people would pile into the stacked layers of stone seating in the Colosseum ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Information
Learn about Catholic world

Catholic Online
Inform - Inspire - Ignite

Catholic Online Saints
Your saints explained

Catholic Online Prayers
Prayers for every need

Catholic Online Bible
Complete bible online

Catholic Online News
Your news Catholic eye

Daily Reading
Today's bible reading

Lent / Easter
Death & resurrection of Jesus

Advent / Christmas
Birth of Jesus

Rest of Catholic Online
All Catholic world we offer

Services
Products and services we offer

Catholic Online Shopping
Catholic medals, gifts & books

The California Network
Inspiring streaming service

Advertise on Catholic Online
Your ads on catholic.org

Catholic Online Email
Email with Catholic feel

Catholic Online Singles
Safe, secure Catholic dating

The California Studios
World-class post production service

Education
Learn the Catholic way

Catholic Online School
Free Catholic education for all

Student Classes
K-12 & Adult Education Classes

Catholic Online MasterClass
Learn from experts

School Teachers
Teacher lesson plans & resources

Catholic Media Missionaries
The New Evangelization

Support Free Education
Tax deductible support Free education

Socials
Connect with us online

Catholic Online on Facebook
Catholic social network

Catholic Online on Twitter
Catholic Tweets

Catholic Online on YouTube
Enjoy our videos

Catholic Online on Instagram
Shared Catholic moments

Catholic Online on Pinterest
Catholic ideas style inspiration

Catholic Online Logo

Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.