GoDaddy has hired Morgan Stanley and JPMorgan Chase to manage its initial public offering, the New York Times DealBook reports.
GoDaddy is expected to file for an IPO in the fall, an anonymous source told the NYT on Wednesday. GoDaddy has not commented on the IPO rumor.
High customer retention, strong subscriber growth, and strong sales make it a good time for GoDaddy to go public. With a new leadership team, and a focused marketing message around services for small businesses to be successful online, the rumors could have some truth to them.
This would be the second time that GoDaddy has filed to go public. Back in 2006, GoDaddy filed for an IPO only to drop out due to poor performance of tech IPOs at the time.
Time will tell if the GoDaddy IPO pans out as its expected to in the fall, but if it does, it will certainly be one of the biggest hosting deals in history.