Wednesday, February 25, 2015

GoDaddy Selects NYSE For IPO Effort

GoDaddy, the parent of Los Angeles-based website hosting service MediaTemple, said in a regulatory filing late Tuesday that is has selected the NYSE for its IPO. GoDaddy said that it hopes to trade under the ticker symbol GDDY. GoDaddy filed for an IPO back in June. GoDaddy is backed by KKR, Silver Lake, and Technology Crossover Ventures. The company has significant operations in Los Angeles, largely due to the company's acquisition of Media Temple in 2013; GoDaddy's recent push into the small business hosting market has come in part due to the talent and executive team from Media Temple.