Tech IPO Filing – GoDaddy

GoDaddy, a subscription web service provider, filed on June 9, 2014 to raise up to $100m in an initial public offering.  The Scottsdale, AZ-based company operates globally (87% of revenue from the US) and has booked $1,188m in LTM Revenue with an 8% ’11-’13 Rev CAGR.

Current GoDaddy investors include Kohlberg Kravis Roberts, Silver Lake, and Technology Crossover Ventures.  Morgan Stanley, JP Morgan, and Citigroup have been selected as lead underwriters for the offering.  Triton Research expects the deal to price on July 11, 2014.