GoDaddy to raise $418 million in IPO

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domainking131

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GoDaddy could raise up to $418 million in its initial public offering, according to a regulatory filing on Thursday.

The web domain company is set to offer 22 million Class A shares priced between $17 and $19 apiece. At the high end of this range, this values the company at $2.87 billion.
The stock will trade on the New York Stock Exchange under the ticker GDDY.
Based in Scottsdale, Arizona, GoDaddy provides domain name registration and web hosting services. It is known for its provocative television commercials, and is also a NASCAR sponsor.

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