GoDaddy gears up for mid-week IPO

GoDaddy (NYSE: GDDY), known for being a domain registrar, will debut Wednesday on the New York Stock Exchange. There is no shortage of critics in the weeks, days and hours leading up to the pricing.

The company has planned on pricing its shares between $17 and $19 each. The mid-range figure of $18 a share would raise $396 million and value the company at $2.7 billion.

Let’s start with the red-flags–and Pando.Com says there’s ten of them. Among them: competition, crowded space, heavy debt, insider buying…all traditional signs that this IPO is one to avoid.

We have searched the internet long and far for a pro-GoDaddy IPO article, and alas, we found one from Don Dion of Seeking Alpha. For the sake of content, we will post his link, but this author, in our opinion, has been notoriously off-the-mark on IPO analysis. His thesis is that a lot of free cash and balance sheet that has been shedding debt in recent years make GoDaddy a buy.

And then there’s Twitter. A place where after a cup-of-coffee and a quick glance at what pundits have already said–they make statements as if they’re the next Buffett or ICahn.

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The IPO market has been sparse compared to the quantity brought out in 2014. Will GoDaddy have an inspiring performance?

Want to have true color about the deal? Are the big players in on GoDaddy? When are the books closing? Can I make money on this deal?

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