Go Daddy cancels planned IPO

Posted by From the Web

Domain registrar Go Daddy has decided not to attempt an initial public offering, citing difficult market conditions, the company said.

"With a war and escalating hostilities throughout the Middle East, skyrocketing oil prices and technology stocks once again taking a beating on Wall Street - now just isn't the right time for us," said Bob Parsons, CEO and founder of The Go Daddy Group.

Read the complete story here. (Netcraft)