GoDaddy IPO Values Company At $4.5B

Hahahahaha, GoDaddy is worth $4.5 billion. This is an April Fool's Day joke...right?

Web hosting company GoDaddy Inc has priced its initial public offering at $20 per share, above its previously indicated $17 to $19 per share range, valuing it at around $4.5 billion, including debt, according to underwriting sources. At this price, the IPO would raise $440 million. A GoDaddy spokesman did not immediately respond to a request for comment.

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Despite them never having made a profit in a quarter, they have huge market share and still have huge amount of room for growth in the sector. Hence the high valuation.

Add in that most of their debt was brought on when they were acquired several years ago by a PE firm in a leveraged buyout, not from day to day operations.

It might actually be a good buy at say.....$14 a share, but certainly not at more than $20

I'd be in at $15, no way at $18-20.