GoDaddy Announces Pricing of Initial Public Offering
On March 31, 2015, GoDaddy Inc., the world's largest technology provider dedicated to small businesses, announced 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 per share, raising $460 million. The shares began trading April 1 on the New York Stock Exchange under the ticker symbol "GDDY." 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. Wilson Sonsini Goodrich & Rosati is advising GoDaddy in the offering.
Based in Scottsdale, Arizona, GoDaddy is the world's largest domain name registrar, with 13 million customers and 59 million domains under management.
The WSGR team advising Go Daddy is led by Jeffrey Saper and Allison Spinner, and includes corporate team members Greg Broome, Michael Russell, Megan Baier, Adam Bloom, Christina Lee, and Dan Wong, and employee benefits and compensation team members David Thomas and Brandon Gantus.
For more information, please see GoDaddy's press release.