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Afilias set for $100m London IPO

Kevin Murphy, October 21, 2014, 14:13:00 (UTC), Domain Registries

London’s Alternative Investment Market is fast becoming the stock market of choice for new gTLD registries, with .info mainstay Afilias today announcing an upcoming IPO.

The Ireland-based company hopes to raise $100 million by selling off about 30% of the company, giving it a growth war-chest and giving its investors a shot at getting some of their money back.

Afilias earmarked part of the expected windfall for new gTLD auctions, as well as acquisitions of new gTLD “assets” and operational registries and expansion of its registrar business.

Executive chairman Jonathan Robinson said in a statement:

The Placing will bring significant benefits – by providing further capital to fund our organic and acquisitive growth plans, and raising our corporate profile with existing and new customers.

In addition to .info, .mobi and .pro, Afilias is associated with 254 new gTLD applications either as applicant or back-end provider. As registry, it already has about a dozen 2012-round gTLDs in the root.

The company’s revenue for 2013 was $77.6 million, up from $74.5 million in 2012. Earnings before deductions were $38.6 million in 2013, up from $32.1 million in 2012.

Fellow gTLD registries CentralNic and Minds + Machines are also listed on AIM.

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Comments (1)

  1. anony (eroyalmail) says:

    AIM London is a recent choice for registeries in the new gtld non-cctld suffixes rather than USA where ICANN is headquartered because it seems the investors there are easily fooled, “Although AIM-listed companies are not start-ups, most are small and highly risky. This may prove to be hazardous for unsophisticated investors who lack both the knowledge and resources to conduct proper inquiries into a firm’s prospects and activities, or even larger investors which lack strong internal control and risk management requirements. ” http://en.wikipedia.org/wiki/Alternative_Investment_Market

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