Deciding that discretion is the better part of valor, GoDaddy CEO Bob Parsons says his company has decided to pull back from an IPO filing it had hoped would raise $200 million. Parsons explains his reasoning on his blog.
Now I have no idea whether this is a wise decision or not — presume it is the right move given the pressure one must feel to go forward with such plans after raising expectations, particularly among the troops. But I will acknowledge having acquired a certain respect for Parsons born of his unflagging leadership in documenting and publicizing the systematic abuse of the .com domain name registration process. Where the likes of VeriSign and ICANN have inexplicably abdicated responsibility, Parsons has kept a steady drumbeat of enlightening criticism on his blog.
Not sure that entitles the company to a successful IPO, but if they give it another go down the road I’ll be rooting for them.
