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GoDaddy to raise up to USD 480 mln in IPO

2015-03-19 14:47:00| Telecompaper Headlines

(Telecompaper) The web domains provider GoDaddy announced plans to raise up to USD 480.7 million in an initial public offering of shares on the New York Stock Exchange. The company is selling 22 million new common shares, for an indicated price range of USD 17-19 per share, according to a SEC filing. The underwriters have an option to sell another 3.3 million shares if demand warrants. The bulk of the IPO proceeds will go towards paying off debt and payments to existing shareholders. 

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