GoDaddy Announces Proposed Sale Of Shares By Selling Stockholders

(RTTNews) - GoDaddy Inc. (GDDY) announced today an underwritten public offering of about 11.63 million shares of its Class A common stock by certain of its stockholders. GoDaddy will not receive any proceeds from the sale of the shares in this offering. Citigroup and UBS Investment Bank are acting as bookrunners for this offering.

Citigroup and UBS Investment Bank propose to offer the shares of Class A common stock for sale from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by them and subject to their right to reject any order in whole or in part.

Selling stockholders participating in the offering consist of entities affiliated with Kohlberg Kravis Roberts & Co. L.P., Silver Lake Partners and YAM Special Holdings, Inc., an entity owned by GoDaddy founder, Bob Parsons.

Additionally, GoDaddy's chief executive officer is offering 125,000 shares of GoDaddy's Class A common stock in the offering.