The Canadian Press - ONLINE EDITION
Posted: 06/9/2014 4:40 PM | Comments: 0
Last Modified: 06/9/2014 6:14 PM
NEW YORK, N.Y. - Web hosting company GoDaddy is filing for an initial public offering.
The company known for its racy Super Bowl commercials says it has 12 million customers and is the largest provider of website domain names.
GoDaddy Inc. also said Monday that company founder and former CEO Bob Parsons is resigning as executive chairman to spend time on other ventures. He will stay on the board. GoDaddy plans to name a new chairman in the next few months.
The Scottsdale, Arizona, company has posted losses the last three years, with a deficit of $199.9 million in 2013. Its annual revenue grew 24 per cent to $1.13 billion.
GoDaddy says it plans to raise up to $100 million, but that is likely to change as bankers gauge investor interest.
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
Facebook 2Q earnings, revenue soar
Audit: NASA doesn't have the money for big rockets
Cheaper wireless plans cut into AT&T 2Q profit
Tyrannosaur a team player? B.C. fossils say yes
Review: Fire phone, an improvement on the familiar
Fracking chemicals not on Canada's pollutant list
Review: Amazon Fire offers new ways to use phones
Microsoft CEO sees 'bold' plan as 4Q tops Street
LinkedIn to buy ad tech company Bizo for $175M
Apple's fiscal 3Q earnings top analyst forecasts
Dan Borislow, magicJack inventor, dies at 52
Goodwill, feds investigate possible data breach
Tech still struggles to recruit more women
'Minecraft - Pocket Edition' top paid iPhone game app
'Minecraft - Pocket Edition' top paid iPhone app
Espial has Q2 net profit on higher revenues
Genetic mapping triggers new hope on schizophrenia
Yahoo buying app and analytics company Flurry
Beef pollutes more than pork, poultry: study
Verizon launches rewards program with tracking
Verizon boosts FiOS uploads to match downloads
World breaks monthly heat record 2 times in a row
NASA names building for moonwalker Neil Armstrong
BlackBerry gets new chief operating officer
Hunt for new tools to identify disease's onset
Growing cities one bike at a time
How Kindle Unlimited compares with Scribd, Oyster
Amazon rolls out 'Netflix-for-books' style service
Axed Nokia X phones suffered from lack of identity
Risk of earthquake increased for one-third of US
Correction: Apple-Board story
New York proposes regulations for virtual currency
CEO Whitman takes chairman post at Hewlett-Packard
Google's 2Q revenue gains eclipse earnings miss
Memo from Microsoft CEO announcing job cuts
Canada to play key role in asteroid mission
Microsoft to cut up to 18,000 jobs
Futuristic Tim Hortons store concept unveiled