GoDaddy Implied Valuation $3 Bn+, IPO Prices@$20, '8th Largest IPO (Intrnt. Sftw. & Svcs.' Category)

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GoDaddy Implied Valuation >> US$ 3 Billion Plus | IPO Prices @ $20 per share

Since 2001 >> 8th Largest IPO in the 'Internet Software & Services' category (according to IPO research firm IPREO)

Offered 23 Million ( = 22 Million + An Additional 1 Million ) Shares / Raised $460 Million


( The GoDaddy (Ticker Symbol: GDDY) page on the NYSE website >>

https://www.nyse.com/quote/XNYS:GDDY )


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http://news.investors.com/033115-74...-prices.htm?ven=yahoocp&src=aurlled&ven=yahoo excerpts:

[...]

GoDaddy tops LinkedIn (NYSE: LNKD), which raised $406 million in its May 2011 initial public offering.

The largest Internet IPO was Facebook (NASDAQ: FB), which raised $16 billion in May 2012. Facebook was the largest tech IPO of the time [...]

[...] since surpassed by Alibaba Group (NYSE: BABA), which raised $25 billion in its September 2014 IPO, after investment bankers exercised options to buy additional shares.

[[ Ipreo puts Alibaba in a different sector, under 'Catalog & Online Retailing' ]]


Following Facebook as the largest Internet IPO is Twitter (NYSE: TWTR), which raised $2.1 billion in November 2013. Twitter priced its IPO at 26 and now trades near 51.

[...]

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http://news.investors.com/033115-74...-prices.htm?ven=yahoocp&src=aurlled&ven=yahoo additional excerpts:


Home » News » Technology»

Technology

GoDaddy IPO Prices Above Range, Raises $460 Million

Tue, Mar 31 2015 00:00:00 E00_WEB

BY BRIAN DEAGON, INVESTOR'S BUSINESS DAILY | 07:51 PM ET

GoDaddy (NYSE: GDDY) priced its IPO late Tuesday at 20, above the expected range of 17-to-19 and placing a valuation on the Internet company at more than $3 billion.

[…] That makes it the eighth-largest IPO in the Internet software and services category since 2001, according to IPO research firm Ipreo.

[…]

[…]



Follow Brian Deagon on Twitter: @IBD_BDeagon.


RELATED:

Online Retailer Etsy Sets IPO Terms.


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http://www.prnewswire.com/news-rele...ing-of-initial-public-offering-300059110.html (Press Release) Excerpts:

GoDaddy Announces Pricing of Initial Public Offering

SCOTTSDALE, Ariz., March 31, 2015 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the world's largest technology provider dedicated to small businesses, announced today the pricing of its initial public offering of 23,000,000 shares of its Class A common stock at a price to the public of $20.00 per share. This includes 2,500,000 shares of Class A common stock that are being purchased at the initial public offering price by certain entities affiliated with the principal beneficial holders of its Class A common stock. All of the shares are being offered by GoDaddy. In addition, GoDaddy has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Class A common stock to cover over-allotments, if any. The shares of Class A common stock are expected to begin trading on the New York Stock Exchange on April 1, 2015, under the symbol "GDDY."


Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as lead joint bookrunners for the offering. Barclays Capital Inc., Deutsche Bank Securities Inc. and RBC Capital Markets, LLC are acting as book-running managers for the offering. KKR Capital Markets LLC, Stifel, Nicolaus & Company, Incorporated, Piper Jaffray & Co., Oppenheimer & Co. Inc. and JMP Securities LLC are acting as co-managers for the offering.

[…]

Investor Contact:

Marta Nichols, Vice President, Investor Relations
669.600.5812
investors@godaddy.com

Press Contact:

Karen Tillman, Chief Communications Officer
480.366.3183
pr@godaddy.com


SOURCE GoDaddy Inc.
 
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