Thursday, March 19, 2015

Media Temple Parent GoDaddy Sets IPO Range

GoDaddy, the domain name and web services firm which is a parent of LA's Media Temple, has moved one step closer to an IPO, saying this morning that it now expects to sell 22,000,000 shares of its common stock at between $17.00 and $19.00 per share. Arizona-based GoDaddy purchased Media Temple in October of 2013. GoDaddy has been approved to list on the New York Stock Exchange as GDDY. Media Temple is led by longtime LA technology vet Russ Reeder.