Domain giant GoDaddy filed for its initial public offering this afternoon, seeking to raise at least $100 million and providing new details of its financial condition. The company simultaneously announced that founder Bob Parsons is resigning as executive chairman but will remain a board member.
GoDaddy posted revenue of $1.13 billion in 2013, and a net loss of nearly $200 million, according to its S-1 registration filing this afternoon.
The company has been expanding its business under CEO Blake Irving, the former Microsoft and Yahoo executive who has turned GoDaddy’s attention to offering a broad array of online services to small businesses.
Parsons put GoDaddy on the map with a series of attention-grabbing and envelope-pushing Super Bowl ads.
“Bob’s vision and uncommon approach has created a great company, and a loyal customer base,” Irving said in a news release. “Bob built GoDaddy into the world’s largest domain name and Web hosting provider, and his contribution to GoDaddy, and our industry in general, is immeasurable. As a board member and principal shareholder, Bob will continue to play an important role as we define the next chapter for GoDaddy.”
The $100 million figure cited in the filing is likely to change as the company goes public.
See GoDaddy’s full registration statement here, and consolidated income statement below.
