Reglikedomain industry desk

IPO range, plans to raise $400M at up to $3B valuation — GoDaddy sets

IPO range, plans to raise $400M at up to $3B valuation — GoDaddy sets

Firm sets anticipated range in SEC filing.

GoDaddyGoDaddy 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 regarding $2.6 billion.

The private-equity investment in GoDaddy three years ago is rumored to have valued the firm at $2.25 billion.

GoDaddy will trade under the ticker GDDY on the Fresh York Stock Exchange.

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