GoDaddy Announces Pricing of Follow-On Offering

On April 6, 2016, GoDaddy, the world's largest technology provider dedicated to small businesses, announced the pricing of an underwritten public offering of 16,500,000 shares of its Class A common stock offered by certain existing stockholders at a price to the public of $30.25 per share. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 2,475,000 shares of common stock from certain existing stockholders. Wilson Sonsini Goodrich & Rosati is representing GoDaddy in the offering.

According to a GoDaddy press release, the company will not receive any proceeds from the sale of the shares by the selling stockholders. Morgan Stanley & Co., J.P. Morgan Securities, and Citigroup Global Markets are acting as lead joint bookrunners for the offering. Barclays Capital, Deutsche Bank Securities, and RBC Capital Markets are acting as book-running managers for the offering and KKR Capital Markets, JMP Securities, Oppenheimer & Co., and Piper Jaffray & Co. are acting as co-managers.

The WSGR team representing GoDaddy in the offering includes partners Jeff Saper and Allison Spinner and associates Megan Baier and Dan Wong.

For additional information, please see GoDaddy's press release.