April 12, 2006 -- (WEB HOST INDUSTRY REVIEW) -- According to reports released late Wednesday, domain registrar and Web hosting provider Go Daddy Group (godaddy.com) is preparing plans for an initial public offering.
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Sources with knowledge of the company's plans reportedly say Go Daddy has hired Lehman Brothers to manage the offering. It is not yet clear when the offering would take place. Neither company has offered comment on the reported deal.
Go Daddy operates the world's largest domain registration business, according to the recent calculations of Internet research firm Netcraft (netcraft.com).
The company has been the fastest-growing registrar for more than a year, offering domains at particularly low prices, but only recently surpassed Network Solutions in total domains registered. That company had been the largest registrar since Netcraft began measuring the situation.
Go Daddy also recently surpassed 1&1 Internet in Netcraft's rankings to become the world's largest Web hosting provider.
According to some reports, Go Daddy Group's offering could value the company at more than $250 million dollars, based on comparisons with other publicly held domain registrars.
