GoDaddy Announces Pricing of Proposed Sale of Shares of Common Stock
On September 6, 2017, GoDaddy, the world's largest cloud platform dedicated to small, independent ventures, announced the pricing of an underwritten public offering of 20,050,000 shares of its Class A common stock at a price to the public of $44.00 per share. Wilson Sonsini Goodrich & Rosati is representing GoDaddy in the offering.
According to a company press release, the selling stockholders are offering 20,000,000 shares, while GoDaddy is offering 50,000 shares of its common stock. GoDaddy intends to use the proceeds of the offering to pay the transaction expenses incurred in connection with the offering and any remaining proceeds for general corporate purposes. Morgan Stanley & Co. and Goldman Sachs & Co. are acting as bookrunners for the offering.
For additional information, please see GoDaddy's press release.