GoDaddy Inc. $1.07 Billion Common Stock Offering
Davis Polk advised the representatives of the several underwriters in connection with a $1.07 billion public offering of GoDaddy Inc. Class A common stock. Certain existing stockholders sold 27,615,000 shares, including all shares subject to the underwriters’ option to purchase additional shares, and GoDaddy sold 100,000 shares.
Based in Scottsdale, Arizona, GoDaddy is a technology provider to small businesses, web design professionals and individuals, delivering simple, easy-to-use cloud-based products and outcome-driven, personalized customer care. GoDaddy operates a domain marketplace and provides website building, hosting and security tools to help customers easily construct and protect their online presence and tackle the rapidly changing technology landscape. GoDaddy’s Class A common stock is listed on the New York Stock Exchange under the symbol “GDDY.”
The Davis Polk corporate team included partners Alan F. Denenberg and Sarah K. Solum and associates Bryan M. Quinn, Donald K. Lang and Angela J. Koo. Partner Rachel D. Kleinberg and associate Patrick E. Sigmon provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Counsel Michelle Ontiveros Gross and associate Jason J. Bang provided intellectual property and technology advice. Members of the Davis Polk team are based in the Northern California and New York offices.