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 On August 8, 2006, Bob Parsons, announced that he had withdrawn the company's IPO filing.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)
“Like those before it, this decade takes on the marketable subtleties of a private phenomenon: parenthood. Mothers are being teased out of the home and into the agora for a public trial. Are we doing it right? Do we have the right touch? The right toys? The right lights? Is our child going to grow up tall, thin and bright? Something private, and precious, has become public, vulgarized—and scored by impersonal judges.”
—Sonia Taitz (20th century)
“If equity and human natural reason were allowed there would be no law, there would be no lawyers.”
—Christina Stead (1902–1983)