|
|
Post by huh on Apr 1, 2015 8:28:12 GMT -5
GoDaddy IPO launches today, priced at $20 (GDDY). Rasing $460M on a $4.6B valuation.
|
|
|
|
Post by huh on Apr 1, 2015 8:28:26 GMT -5
GoDaddy IPO launches today, priced at $20 (GDDY). Rasing $460M on a $4.6B valuation. - 4 things to know about GoDaddy before it goes public, April 2015 From 2012... "Go Daddy also boosted its debt by paying a $350 million special dividend to KKR, Silver Lake Partners, Technology Crossover Ventures and founder Bob Parsons."- Go Daddy Now Carrying $1.5billion in debt, June 2014 So that means that some of the proceeds (and who knows how much of it) will be used to pay down debt - debt due to the owners for a special dividend they paid to themselves for buying the company. LMAO You know what I think of that...pop initially, trapping many excited bulls, then down, down, down. |
|
|
|
Post by huh on Apr 1, 2015 8:35:19 GMT -5
GoDaddy hasn't made a profit since 2009.
I don't understand why people would keep buying these types of IPO's, except for the initial pop. The type of IPO where only 10-15% of the company is offered to the public, and those proceeds to be used for insiders to cash in at higher valuations.
I'd never buy an IPO unless a majority of the proceeds were to be used directly for eventual revenue expansion. (acquisitions, facility/production expansion, etc.)
|
|
|
|
Post by Herceg on Apr 1, 2015 8:39:15 GMT -5
GoDaddy IPO launches today, priced at $20 (GDDY). Rasing $460M on a $4.6B valuation. - 4 things to know about GoDaddy before it goes public, April 2015 From 2012... "Go Daddy also boosted its debt by paying a $350 million special dividend to KKR, Silver Lake Partners, Technology Crossover Ventures and founder Bob Parsons."- Go Daddy Now Carrying $1.5billion in debt, June 2014 So that means that some of the proceeds (and who knows how much of it) will be used to pay down debt - debt due to the owners for a special dividend they paid to themselves for buying the company. LMAO You know what I think of that...pop initially, trapping many excited bulls, then down, down, down. The IPO will not even come close to covering their debt....................I use GDDY for nothing, so I don't see them lasting in the foreseeable future............ JMO and BOL............ |
|
|
|
GODADDY
Apr 1, 2015 10:01:36 GMT -5
Post by huh on Apr 1, 2015 10:01:36 GMT -5
GDDY opens up 30%. Who would've thunk it?
|
|
|
|
Post by huh on Jun 25, 2015 7:40:39 GMT -5
This one's had a nice run since the IPO, unlike so many others, but looks like a short the next time it falls under 31.25 (should pop a little to test ~32 first)
JMO
|
|
