Reglikedomain industry desk

Name registrar eyes IPO — Australian domain

Name registrar eyes IPO — Australian domain

Dreamscape targets an $86 million value.

crazydomainsAustralian domain name firm Dreamscape, better known as CrazyDomains, is getting ready to go public.

The Australian Financial Review notes that the firm plans to begin trading on the Australian Securities Exchange on November 29. It is raising $25 million, $10 million of which will go to existing management and $15 million will be used for growth initiatives.

The firm operates CrazyDomains.com.au. It has regarding 30% of the market share for .au domain names. It also runs CrazyDomains.com, aimed at the worldwide market.

Dreamscape will issue at an $86 million market cap, as stated by the story.

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