When most people think of Go Daddy, they probably think of NASCAR superstar Danica Patrick and Super Bowl commercials. But before too long, you might be seeing this corporation on the New York Stock Exchange.
This domain name register and web host provider is interviewing banks to lead this financial venture. If they follow the typical IPO frame, and if all else goes well, they could be begin trading by summer or fall 2014. It’s trying to capitalize off the many, many businesses trying to go public. So far in 2014, more businesses have joined the NYSE than at anytime since 2007. This year, Go Daddy is expected to grow at least one percent. That may not sound like much, but keep in mind Go Daddy owns and/or operates 57 million web domains.
Go Daddy is growing up. It doesn’t depend on racy ads anymore. In fact, the last Super Bowl ad was more humorous than scandalous. That should be a clue of what’s coming.? Founded in 1997, they’re now taking the next step to becoming a major, serious corporation. So I applaud them there. But I’m weary of their timing. Yes, more companies are going public these days. So on paper, this looks like a great time to jump in. But I keep hearing lots of chatter, from many a financial experts, about an impending stock market crash that might be coming. Are they right? Will Go Daddy succeed on the stock market?