The webhosting and domains Godaddy will shell out its stock $17 to $19 a share. The company will be offering up 22 million shares of Class A common stock.
Go Daddy is a privately held Internet domain registrar and web hosting company. As of 2014, GoDaddy was said to have had more than 59 million domain names under management, making it the world’s largest ICANN-accredited registrar. It serves more than 12 million customers and employs more than 4,000 people.
GoDaddy plan to its initial public offering in June 2014. It will list on the NYSE under the symbol ‘GDDY’, the Web hosting/domain name services provider states in a new S-1. IPO underwriters include Morgan Stanley, JPMorgan, Citi, Barclays, Deutsche, RBC, Stifel, and Piper.
Including debt, the company could be valued at $4 billion.
After the IPO, GoDaddy will have 60.8 million shares outstanding and 90.4 million Class B shares. And Bob Parsons(GoDaddy founder) owns 28% of A class shares and 40% of B shares.