GoDaddy Filing a Sign of Potential IPO

Who’s getting giddy about $GDDY?

GoDaddy filed an updated S-1 adding a co-manager, Piper Jaffray, as well as informing the public they will be listed on the NYSE under the symbol ‘GDDY’.  GoDaddy, a domain-hosting service, is known for its brilliant marketing strategies…especially their main-stream television commercials.

Here’s one of our favorites:

While the killer marketing creates brand awareness, it does not discount the fact that GoDaddy is in a crowded space.  Looking at their financials for the year ended 2014, ‘GDDY’ experienced 23% year-over-year growth from 2013 to 2014 and net losses went from -$200 million to -$143 million.

Click the Graphic to Expand

“GoDaddy has a name brand because of their funky commericals,” senior managing partner of IPOBoutique.Com Scott Sweet said.  “But they have had four straight years of $100+ million losses. The market will have to weigh growth and sales against net losses.”

USA Today wrote a brief article throwing a little bit of cold water on the potential IPO:

But some, worry too, it’s its part of rising speculation in technology stocks – coming eerily as the Nasdaq nears its peak level of 5000 of the boom.

Checking in on the general sentiment on Twitter, the sentiment was generally positive with a few jokes mixed in.

Obviously, its early…but GoDaddy appears to be on track for a 2015 IPO.