IPO

GoDaddy Files for IPO as Founder Steps Down as Executive Chairman

Entrepreneur Staff
Director of the Entrepreneur Partner Studio
2 min read

Today marks a big day in GoDaddy’s history. No, it hasn't created another controversial Super Bowl ad. The web domain company has filed for an IPO with the SEC.

In addition, the Scottsdale, Ariz.-based tech company said that founder Bob Parsons has resigned from his role as executive chairman “in order to devote more time to his ventures outside of GoDaddy.” A new chairman will be named “over the coming months.”

The amount of the IPO as listed on the company’s regulatory filing with the SEC is $100 million, though that amount is likely to change as the offering date nears.

In recent months, GoDaddy has announced several phases of an aggressive international expansion plan. It says it plans to be in 60 markets, 52 countries and 30 languages in the next year and a half.

Founded in 1997 by Parsons, GoDaddy says it has 12 million customers worldwide and 57 million domain names under management.

Parsons stepped down from his role as CEO in 2011. Since then he has been devoting time to his other venture, YAM Worldwide, a conglomerate of businesses in the power sports, golf, real estate and marketing industries. It has grown to 350 employees and $160 million in annual revenues, the company says.

Related: GoDaddy Begins Aggressive International Expansion in Latin America

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.