GoDaddy is 18 years old, unprofitable, has a mountain of debt, and it's now goin

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The company isn't profitable, which is also somewhat disappointing and surprising, given that it is a more mature company. The silver lining is, its operating losses have shrunk considerably of late. Specifically, its operating loss improved to ($61.9) million in FY14 from ($131.9) million in FY13 as its cost of revenue, as a percentage of revenue, decreased to 37.4% from 41.9%. Marketing and advertising also improved, coming in at 11.9% of revenue versus 12.9% a year earlier.

Another blemish on its financials, however, is its mountain of debt, consisting of $1.4 billion. This, of course, is a function of the company being bought out by private equity. GDDY will be using at least some of the proceeds of the IPO to pay down some of the debt it agreed to take on as part of the $2.5 billion buy-out in 2011.

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Read more: https://www.businessinsider.com/godaddy-is-ipoing-after-18-years-of-not-turning-a-profit-2015-3