GoDaddy prepping for Initial Public Offering: WSJ

WSJ notes that GoDaddy is interviewing bankers.

It’s no secret that the next step for domain name registrar and webhosting firm GoDaddy is an initial public offering. But now we have a bit more concrete understanding of where the firm is the process.

The Wall Street Journal noted this afternoon that GoDaddy is in the process of interviewing bankers to take it public. This may be a controlled leak to pique interest by bankers, although I imagine they’ve been knocking on the firm’s doors for a long time.

Following all, GoDaddy filed to go public in 2006, only to withdraw its plans later that year.

In 2011 the firm struck a deal with three private equity firms to buyout much of the firm, valuing it at around $2.25 billion.

KKR, Silver Lake Partners, and Technology Crossover Ventures hope to cash out through an IPO. A few days back I wrote regarding how the firm’s appointment of Betsy Rafael to its board of directors is a sign of a potential IPO.

If the Wall Street Journal’s information is correct, we might see that happen later this year.