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.