May 13, 2006 -- (WEB HOST INDUSTRY REVIEW) -- Web hosting provider and domain registrar Go Daddy (godaddy.com) announced late on Friday that it had filed registration forms to make an initial public offering of stock in the company. The Go Daddy IPO has been a subject of speculation since April, when the company reportedly hired Lehman Brothers to manage the project.
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According to Friday's announcement, Go Daddy has filed a registration statement on Form S-1 with the US Securities and Exchange Commission, proposing the initial public offering of its Class A common stock. The shares will be offered by the company and its stockholders.
Lehman Brothers and Merrill Lynch & co. will act as joint book-running managers for the offering, with UBS Investment Bank, Cowen and Company, Piper Jaffray and JMP Securities acting as co-managers.
The number of shares to be offered and their price range has not yet been determined. The company says a preliminary prospectus will be available from Lehman Brothers when it is complete.
