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Buyout-backed GoDaddy eyes $100m from imminent IPO

10 Jun 2014

godaddy carPrivate equity-backed web hosting business GoDaddy is eyeing up to $100m from its upcoming IPO according to a regulatory filing.

The company, which is backed by KKR, Technology Crossover Ventures and Silver Lake, plans to use proceeds from the listing to pay back debt and for general corporate business.

That number could change from the $100m in the filing, which is only used to calculate registration fees.

KKR, TCV and Silver Lake bought a 65 per cent stake in the company in 2011 for $2.25bn including debt.

GoDaddy, which was founded in 1997, previously filed for an IPO in 2006, but cancelled it due to a volatile marketplace.

In April the company revealed it would pay a $350m dividend ahead of the IPO after sealing a $1.1bn refinancing loan.
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