Corporate watch : GoDaddy IPO values company at $4.5bn
NEW YORK: Web hosting company GoDaddy Inc has priced its initial public offering at $20 per share, above its previously indicated $17 to $19 per share range, valuing it at around $4.5 billion, including debt, according to underwriting sources.
At this price, the IPO would raise $440 million. Shares in GoDaddy are expected to start trading on Wednesday and list on the New York Stock Exchange under the symbol “GDDY.”
The company was founded in 1997 and in 2011 was acquired by a private equity consortium led by KKR & Co LP and Silver Lake Partners LP for $2.25bn, including debt.
Published in Dawn, April 2nd, 2015
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