The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City.
Spencer Platt | Getty Images
Business: GoDaddy operates in three segments: Domains, Hosting and Presence and Business Applications. The Domains business is its legacy core business and makes up approximately 45% of the company’s revenue and has been growing by 12.7% per year. This business was traditionally the domain registrar business, where a customer pays GoDaddy a yearly fee for their domain. The actual .com and .net domains are owned by Verisign through an agreement with the government…