GoDaddy Inc. Announces Pricing of Proposed Sale of Shares of Common Stock

SCOTTSDALE, Ariz., Dec. 5, 2017 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the world's largest cloud platform dedicated to small, independent ventures, announced today the pricing of an underwritten public offering of 7,277,622 shares of its Class A common stock at a price to the public of $47.32 per share pursuant to an effective Registration Statement on Form S-3 previously filed with the Securities and Exchange Commission.

Selling stockholders are offering 7,227,622 shares of Class A common stock.  Selling stockholders participating in the offering consist of entities affiliated with Technology Crossover Ventures and one of GoDaddy's executive officers.  GoDaddy will not receive any proceeds from the sale of the shares by the selling stockholders. GoDaddy is also offering 50,000 shares of its Class A common stock and intends to use the proceeds of the offering to pay the transaction expenses incurred in connection with the offering and any remaining proceeds for general corporate purposes.  Morgan Stanley & Co. LLC is acting as the bookrunner for this offering.

GoDaddy filed a Registration Statement on Form S-3, which was effective upon filing on April 5, 2016, including a base prospectus dated April 5, 2016, and has filed a preliminary prospectus supplement dated December 4, 2017, to which this communication relates. Before you invest, you should read the prospectus in the registration statement, the related preliminary prospectus supplement and the other documents GoDaddy has filed or will file with the SEC for more complete information about GoDaddy and this offering.  The proposed offering is being made only by means of an effective shelf registration statement, including a base prospectus, preliminary prospectus supplement and final prospectus supplement, copies of which may be obtained, when available, from Morgan Stanley & Co. LLC, attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by telephone at [phone] or by email at [e-mail].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GoDaddy

GoDaddy powers the world's largest cloud platform dedicated to small, independent ventures. With more than 17 million customers worldwide and nearly 73 million domain names under management, GoDaddy is the place people come to name their idea, build a professional website, attract customers and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success.

Source: GoDaddy Inc.

 

View original content with multimedia:http://www.prnewswire.com/news-releases/godaddy-inc-announces-pricing-of-proposed-sale-of-shares-of-common-stock-300566485.html

SOURCE GoDaddy Inc.

Copyright 2017 PR Newswire