| March 14
March 14 Web hosting company The GoDaddy Group
Inc is preparing for a second run at an initial public offering,
according to two people familiar with the matter, as the 2014
tech IPO pipeline continues to grow.
GoDaddy, the Internet domain registrar and web host known
for its racy ads, would join a number of high-profile technames
expected to go public this year in the wake of Twitter Inc's
successful debut. They include "Candy Crush" developer
King Digital and cloud services providers Box and Dropbox.
The company is in the process of selecting underwriters for
its IPO, one of the two sources said on condition of anonymity.
GoDaddy was not immediately available for comment.
GoDaddy had filed to go public in 2006 but was told at the
time that it would be required to take a 50 percent haircut -- a
percentage that is subtracted from the par value of assets that
are being used as collateral -- on its initial public offering.
The company instead decided to pull its filing, citing
unfavorable market conditions.
The company, founded in 1997, was eventually acquired by a
private equity consortium led by KKR & Co and Silver Lake in
2011 for $2.25 billion. Silver Lake declined to comment while
KKR did not immediately respond to a request for comment.
Other private equity buyers included Technology Crossover
GoDaddy, which provides website domain names, is famous for
airing bawdy commercials with scantily clad women for the past
decade during the Super Bowl.
The Wall Street Journal first reported on the plans.