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Go Daddy Only The Latest Tech IPO Flop; Ten tech IPOs, worth about $900 million, have been withdrawn so far this year. All but one blamed "market conditions.".

Publication: Information Week
Publication Date: 14-AUG-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK - While Go Daddy's titillating TV ads lampooning censorship may have raised some viewers' pulses when they debuted during the 2005 Superbowl, its planned IPO last week provoked little more than yawns from investors.

Becoming just the latest technology company disappointment for equity markets, the planned $200 million initial public offering of shares in Go Daddy Group Inc., a provider of online domain name registration, was withdrawn Tuesday. Company officials blamed market conditions.

Ten tech IPOs, worth about $900...

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