Dear readers, Catholic Online was de-platformed by Shopify for our pro-life beliefs. They shut down our Catholic Online, Catholic Online School, Prayer Candles, and Catholic Online Learning Resources essential faith tools serving over 1.4 million students and millions of families worldwide. Our founders, now in their 70's, just gave their entire life savings to protect this mission. But fewer than 2% of readers donate. If everyone gave just $5, the cost of a coffee, we could rebuild stronger and keep Catholic education free for all. Stand with us in faith. Thank you. Help Now >
Tight t-shirts won't get GoDaddy out of its financial mess: but a public offering to the tune of $100 million might
FREE Catholic Classes
Website registration company, GoDaddy, has filed with the Security and Exchange Commission for a $100 million initial public offering of its stock.
Highlights
Catholic Online (https://www.catholic.org)
6/10/2014 (1 decade ago)
Published in U.S.
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 2021 - Distributed by Catholic Online
Join the Movement
When you sign up below, you don't just join an email list - you're joining an entire movement for Free world class Catholic education.
-
- Easter / Lent
- Ascension Day
- 7 Morning Prayers
- Mysteries of the Rosary
- Litany of the Bl. Virgin Mary
- Popular Saints
- Popular Prayers
- Female Saints
- Saint Feast Days by Month
- Stations of the Cross
- St. Francis of Assisi
- St. Michael the Archangel
- The Apostles' Creed
- Unfailing Prayer to St. Anthony
- Pray the Rosary
Christians in India Plead for Vatican Action Amid Rising Persecution
New Congressional Bill Would Exempt Pope Leo XIV From U.S. Taxes, Safeguard Citizenship
U.S. Fertility Rate Falls to Record Low in 2024, CDC Reports
Daily Catholic
- Daily Readings for Friday, July 25, 2025
- St. James the Greater: Saint of the Day for Friday, July 25, 2025
- Each New Day: Prayer of the Day for Friday, July 25, 2025
- Daily Readings for Thursday, July 24, 2025
- St. John Boste: Saint of the Day for Thursday, July 24, 2025
- Prayer for Travelers: Prayer of the Day for Thursday, July 24, 2025
Daily Readings for Friday, July 25, 2025
St. James the Greater: Saint of the Day for Friday, July 25, 2025
Each New Day: Prayer of the Day for Friday, July 25, 2025
St. John Boste: Saint of the Day for Thursday, July 24, 2025
Copyright 2025 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 2025 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.
Catholic Online is a Project of Your Catholic Voice Foundation, a Not-for-Profit Corporation. Your Catholic Voice Foundation has been granted a recognition of tax exemption under Section 501(c)(3) of the Internal Revenue Code. Federal Tax Identification Number: 81-0596847. Your gift is tax-deductible as allowed by law.