GoDaddy Files For IPO Of At Least 22 Million Shares, To Raise Up To $418 Million

GoDaddy Inc. has filed for an initial public offering of at least 22 million shares, which are expected to be priced between $17 and $19 dollars a share. The Internet-domain company could raise $418 million if the IPO is priced at the top of the expected range. The offering could increase to 25.3 million shares if the underwriters of the IPO exercise their option to buy additional shares. The stock will be listed on the New York Stock Exchange, under the symbol "GDDY." The lead underwriters of the IPO are Morgan Stanley, J.P. Morgan and Citigroup. GoDaddy said there will be a minimum of 61 million Class A shares and about 90 million Class B shares outstanding. After the offering, the company said affiliates of Kohlberg Kravis Roberts & Co., Silver Lake Partners, Technology Crossover Ventures and founder Bob Parsons will control about 82.1% of the voting power of the oustanding stock.