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 The offering of 22 million class A shares is expected to raise up to
$418 million, the company said in a regulatory filing on Thursday.
The IPO of the internet domain registrar, known for its
advertisements that feature scantily clad women, will follow the
debut of online data storage provider Box Inc <BOX.N> in January.
GoDaddy, many of whose Super Bowl ads featured race car driver
Danica Patrick, had filed to go public in 2006, but withdrew citing
unfavorable market conditions.
The company was founded in 1997 and in 2011 was acquired by a
private equity consortium led by KKR & Co LP <KKR.N> and Silver Lake
Partners LP in 2011 for $2.25 billion.
After the offering, KKR's class A share stake will fall to 23.9
percent from 27.9 percent. The private equity firm would continue to
hold 20.9 percent class B stake in GoDaddy.
Founder Bob Parsons, who stepped down as executive chairman in June,
will hold 40 percent of GoDaddy's class B shares and nearly 24
percent of class A shares after the offering.
GoDaddy is led by Blake Irving, who was Yahoo Inc's <YHOO.O> chief
product officer from 2010 to 2012.
The company which serves 12.7 million customers and managed about 21
percent of the world's Internet domains as of December, according to
the filing.
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GoDaddy's revenue rose 22.7 percent to $1.4 billion in the year
ended Dec. 31 from a year earlier. Net loss narrowed to $143.3
million from $200 million.
The company's shares are expected to list on the New York Stock
Exchange under "GDDY".
Morgan Stanley, JPMorgan, Citigroup are the lead underwriters of the
offering.
(Reporting by Amrutha Gayathri in Bengaluru; Editing by Savio
D'Souza)
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