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 On August 8, 2006, Bob Parsons, announced that he had withdrawn the company's IPO filing.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:
“A certain creditor had two debtors; one owed five hundred denarii, and the other fifty. When they could not pay, he canceled the debts for both of them. Now which of them will love him more?”
—Bible: New Testament, Luke 7:41,42.
“... it is a commonplace that men like war. For peace, in our society, with the feeling we have then that it is feeble-minded to strive except for one’s own private profit, is a lonely thing and a hazardous business. Over and over men have proved that they prefer the hazards of war with all its suffering. It has its compensations.”
—Ruth Benedict (1887–1948)
“If equity and human natural reason were allowed there would be no law, there would be no lawyers.”
—Christina Stead (1902–1983)