GoDaddy Files for IPO as Founder Steps Down as Executive Chairman Bob Parsons, who started the web domain company in 1997, will remain on its board of directors.

By Jason Fell

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

Jason Fell

Entrepreneur Staff

VP, Native Content

Jason Fell is the VP of Native Content, managing the Entrepreneur Partner Studio, which creates dynamic and compelling content for our partners. He previously served as Entrepreneur.com's managing editor and as the technology editor prior to that.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

'My Brain Thrives on Variety': His Side Hustle Inspired By 'The 4-Hour Workweek' Led to $600,000 in 16 Months

Mark Hellweg, 42, knows what it takes to start a business "with a fraction of the capital."

Business News

The Free AI Tool That Will 3x Your Sales

Stop guessing in marketing! Unlock Google AI Studio as your free 24/7 consultant. Discover a five-step framework to boost email, landing pages and sales.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

An Investor Doubted Me and My Business Because I'm a Working Dad — Here's Why You Don't Have to Sacrifice Work or Your Family.

Prioritizing business should never mean ignoring family. Entrepreneurs who give themselves to both will quickly find that success in the one feeds success in the other.