Domain Registrar GoDaddy Headed For IPO Next Year, Seeks $4.5 Billion Valuation
According to a report in the
Part of the reason why GoDaddy wants an IPO is because it will provide the company an opportunity to diversify and offer more services before Google and other rivals make a hard push to encroach on its territory.
"Some of our current and potential competitors have greater resources, more brand recognition and consumer awareness, more diversified product offerings, greater international scope, and larger customer bases than we do," GoDaddy wrote in its IPO document.
Nevertheless, GoDaddy is still the big daddy in domain registrations. It has 12 million customers and manages 58 million domains. It's also comprised of more than 4,000 employees.