GoDaddy Sees IPO Price of $17 - $19/Share; Values Company ~3B
Get Alerts GDDY Hot Sheet
Join SI Premium – FREE
GoDaddy (NYSE: GDDY) filed an amended registration with the U.S. SEC for an IPO of its common stock. The company plans to sell 22 million share and sees a price of $17 to $19 per share.
GoDaddy plans to trade on the NYSE under the symbol GDDY.
The offering is being made via Morgan Stanley, J.P. Morgan, Citigroup, Barclays, Deutsche Bank Securities, RBC Capital Markets, KKR, Stifel, Piper Jaffray, Oppenheimer & Co., and JMP Securities.
Following the offering, GoDaddy will have 151,221,770 shares of Class A common stock outstanding, which tentatively values the company at $2.87 billion. There will also be 90,397,599 Class B shares outstanding and those will carry 59.8 percent of the company's voting power.
GoDaddy offered the following description of its business: We are a leading technology provider to small businesses, web design professionals and individuals, delivering simple, easy to use cloud-based products and outcome-driven, personalized Customer Care. We operate the world’s largest domain marketplace, where our customers can find that unique piece of digital real estate that perfectly matches their idea. We provide website building, hosting and security tools to help customers easily construct and protect their online presence and tackle the rapidly changing technology landscape. As our customers grow, we provide applications that help them connect to their customers, manage and grow their businesses and get found online.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Ocean Biomedical (OCEA) Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-K
- AZZ, Inc. (AZZ) Announces Proposed 4M Share Offering
Create E-mail Alert Related Categories
Hot IPOs, IPOsRelated Entities
Piper Jaffray, Deutsche Bank, JPMorgan, Citi, Morgan Stanley, RBC Capital, JMP Securities, Barclays, IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!