Monday, June 9, 2014

Media Temple Parent GoDaddy Files For IPO

GoDaddy, the parent company of Los Angeles premium website hosting service Media Temple, has filed for an IPO--in the process, showing that the company paid $94.48M in cash for Media Temple. GoDaddy said it is looking to raised up $100M in its IPO, which is being underwritten by Morgan Stanley, J.P. Morgan, Citigroup, Barclays, Deutsche Bank Securities, RBC Capital Markets, KKR Capital Markets, and Stifel. Scottsdale, Arizona-based GoDaddy has not yet selected an exchange. The company reported a net loss of $131M for 2013, on revenues of $1.13 billion.

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