Friday, March 20, 2015

GoDaddy IPO Set For End Of March

GoDaddy, the parent firm of LA's Media Temple, is aiming at pricing its IPO on March 31st, according to documents circulating to investors as part of its IPO process. GoDaddy recently set the pricing range for its IPO at between $17.00 and $19.00 per share, and looks to list on the NYSE as GDDY. Media Temple has been a part of GoDaddy's push into the small business market, since its acquisition in 2013. GoDaddy is owned by private equity firms KKR, Silver Lake, and Technology Crossover Ventures.

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