Wednesday, April 1, 2015

GoDaddy Prices IPO Above Range, Starts Trading Today

Scottsdale, Arizona-based GoDaddy has priced its IPO, saying late Tuesday evening that it has priced its stock at $20.00 per share, which is above its initial estimatedd range of $17.00 to $19.00 per share. GoDaddy is selling 23,000,000 shares of its stock on the New York Stock Exchange as GDDY. The shares start trading this morning. The IPO was underwritten by Morgan Stanley, J.P. Morgan, Citigroup, Barclays, Deutsche Bank Securities, RBC Capital Markets, KKR Capital Markets, and Stifel. GoDaddy is backed by KKR, Silver Lake, and Technology Crossover Ventures.