Canceled IPO and Private Equity
On April 12, 2006, Marketwatch reported that GoDaddy.com, Inc., had hired Lehman Brothers to manage an initial stock offering that could raise more than $100 million and value the company at several times that amount. On May 12, 2006, Go Daddy filed an S-1 registration statement prior to an initial public offering. On August 8, 2006, Bob Parsons, announced that he had withdrawn the company's IPO filing.
In September 2010, Go Daddy put itself up for auction. Go Daddy called off the auction several weeks later, despite reports that bids exceeded the asking price of $1.5 billion to $2 billion.
Read more about this topic: Go Daddy
Famous quotes containing the words canceled, private and/or equity:
“There with vast wings across the canceled skies,
There in the sudden blackness the black pall
Of nothing, nothing, nothing—nothing at all.”
—Archibald MacLeish (1892–1982)
“A private should preserve a respectful attitude toward his superiors, and should seldom or never proceed so far as to offer suggestions to his general in the field. If the battle is not being conducted to suit him, it is better for him to resign. By the etiquette of war, it is permitted to none below the rank of newspaper correspondent to dictate to the general in the field.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“If equity and human natural reason were allowed there would be no law, there would be no lawyers.”
—Christina Stead (1902–1983)