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April 01, 2015

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Here's the The Lowdown from DN Journal,
updated daily to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Go Daddy Off to the Races With Fast IPO Start - .CLUB Registry Reaches 200,000 Registrations

One of the biggest stories not just in the domain world, but the mainstream business world as well, is Go Daddy's first day as a publicly traded company today (GDDY on the NYSE). Before the opening bell Go Daddy had sets its IPO price at $20 but that was quickly eclipsed as soon as the stock stated trading, going over $26 a share (which would value the 

company at $4 billion). The price will obviously move around a good bit over the next few days but it was still trading at that level during the lunch hour when this post was written.

Colin Campbell
CEO, .CLUB Registry

While the Go Daddy IPO has been met with skepticism from many quarters, Colin Campbell, CEO of the top selling new gTLD on the Go Daddy platform, .CLUB, expected it to be a hit from the start. Campbell said, “We’re very bullish on the Company and the impact of the new domain extensions on their future success. I personally think the (original) $3 billion valuation is under-valued as most of the other top new domain extensions like .web and .shop have yet to come to market unleashing the full potential of Go Daddy.  In addition, as we launch .CLUB in over 50 countries we see the power of the Go Daddy brand internationally which should support strong growth outside of the U.S. for the company. “

.CLUB had some good news of their own to announce today. The TLD has just gone over 200,000 registrations and they hit the mark before their 1st anniversary. .CLUB is one of only five new gTLDs whose total  

registrations have hit six figures and they have done it without giving away tens of thousands of domains as some others have in the fight for market share.

(Posted April 1, 2015) 

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