GoDaddy Updates IPO Plans But Offers Few New Details
Law360, New York (February 11, 2015, 5:07 PM EST) -- Private equity-backed GoDaddy Inc., a web hosting platform geared toward small businesses, updated its U.S. Securities and Exchange Commission registration statement on Wednesday, clarifying some of its tax receivable agreements but not posting any valuation or how many shares it plans to sell.
GoDaddy initially filed for an IPO in June 2014, saying it wanted to raise $100 million in the first half of 2015 to pay down debt and cover corporate expenses. GoDaddy will be a member of a partnership it calls Desert Newco, which is controlled by venture capital and private equity investors. The latest amendment to the registration statement...
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