The Go Daddy Group Inc., web hosting and domain name registration provider has asked the U.S. Securities and Exchange Commission to approve its listing on the NASDAQ market under the stock symbol DADY so it can offer for sale shares of public Class A common stock (as much as $200 million). The number of shares to be offered and the price range for the offering have not yet been determined.

GoDaddy is the world's largest domain-name registrar, with about 13.6 million domain names under management and about 2.4 million customers. It's also North America's largest shared Web site hosting provider.

Although it's true that GoDaddy is growing very fast (from just $4.3M in revenue in 2001 to a whopping $140M in 2005), but the truth is GoDaddy loses money and its annual losses are increasing (<$774,000 in 2003, $1.8M in 2002, $3.6M in 2004, and $11.6M in 2005), maybe due to its huge spending on marketing (from $1.2M in 2003 to over $15M in 2005).

According to the filing, GoDaddy plans to use the money from the IPO for the repayment of about $7 million in debt, and for working capital and other general corporate purposes, including the expansion of the customer care and support, and research and development organizations.

(Source: msnbc.msn.com)