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Analyst Warns That GoDaddy Is Actually Old And Gross

Did GoDaddy catfish everyone on Finance Tinder?

Everyone knows that Wall Street loves the new, young, sexy tech startups. So it was no real surprise when GoDaddy had a very nice first day of trading on Wednesday, trading up more than 30% from its opening price. But it turns out that GoDaddy (despite all the pretty lady pushups on the NYSE trading floor) isn't so young or sexy after all.

In fact, analyst Dennis Hobein says that GoDaddy is actually, like, older than it looks.

Before we delved into our research for GDDY, we expected its revenue growth to be a little higher than the 23% it achieved in FY14. But, that was before we realized that GDDY has actually been around for nearly two decades, and is mature company.

So GoDaddy is not nubile and pure, but can actually buy its own cigarettes and vote. GoDaddy is basically a MILF, but does Wall Street want to F it?

According to Hobein, Wall Street should definitely think about it. After all, older people have experience.

So, the company certainly has some history -- and some scars -- but because of the highly-recognizable name, and its strong positioning in the internet domain name registration market, its IPO should find some interest among institutional investors.

On the flip side, Hobein is a little put off by what he calls GoDaddy's "mountain of debt," but hey, over the course of such a long life, the bills pile up.

It remains to be seen how GoDaddy will do on its second day of trading, but please, check the birthdate on your next trade... Just to be sure.

GoDaddy is 18 years old, unprofitable, has a mountain of debt, and is now going public [BI]


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