Company sets anticipated range in SEC filing.
GoDaddy revealed a planned IPO range of $17.00-$19.00 per share in an SEC filing this morning.
At the mid price point of $18.00, GoDaddy will raise $396 million. If it prices at the high end, and its underwriters exercise and option to purchase 3.3 million more shares, it could reach $481 million.
If it prices at $19.00 per share, the IPO would value GoDaddy at just shy $2.9 billion. On the low end it will be about $2.6 billion.
The private-equity investment in GoDaddy three years ago is rumored to have valued the company at $2.25 billion.
GoDaddy will trade under the ticker GDDY on the New York Stock Exchange.
Great news , Godaddy IPO! this will be interesting to look at.
Maikel Mendez says
$ 17- $ 19 is too high roof..
Be nice if Godaddy offered renewal coupons. Lots of renewals are being lost to other companies. Shareholders wont like that for too long…
Jill, they have the some of the cheapest domain renewals in the business at 8.29.
Godaddy’s prices are not a problem. Not at all.
Their old clunky sometimes unreliable systems, clueless tech support that cannot fix issues nor effectively follow up, and complete inability to have problems solved via ticket (They just got rid of their ticket system wholesale) are what make Godaddy a bad buy.
I mean, they dropped tickets even for legitimate support issues… Are you serious? How can a company in 2015 return to post it notes and carrier pigeons?
Whatever they switched to certainly doesn’t work, either.
Just try contacting them 4 times in a row at an average of 40 minutes per phone contact (which is what they force you into now), and getting nowhere with their too often arrogant support people, and you’ll know what I mean.
You can’t even pay for the bloody dropping donuts domains in their auction system, their system is just too arcane and out of date to process some of these new extensions. Yet they just don’t care. They assume all their tech bugs are caused by good paying customers. Never could possibly be a bug that needs to be squashed, or an artifact of an ancient software system. Never should an issue be escalated to an engineer or programmer. Oh no. Talk about a captain less ship.
Even their social media people aren’t capable of solving problems or proper follow up, which is massively unusual these days. Twitter often offers the last eay of hope when a company does wrong, but Godaddy has left these people unempowered as well. Apparently post it notes don’t beat proper ticket systems or other issue tracking systems yet.
The founders and a lot of people that do technical trading will make money on the godaddy ipo, but not the people who invest in company’s. Not in the short to medium term, anyway. This is in no way an Intel or an Apple.
A lot needs to change to make a Godaddy a solid business in the long term. New customers gained from Super Bowl ads only mask problems for so long.
Godaddy really needs to exit 1985 and join us in 2015. They’re doing it with their hosting (Ilove their new wordpress hosting product), but the rest of the company is sorely in need of a drastic makeover. A real A to Z redesign.
Bako.com (@Bakocom) says
This is all true!! Servers suck and tech support can’t help you! I would totally not buy this stock