Wednesday, April 1, 2015

GO DADDY Initial Public Offering (IPO)

Go Daddy Inc. is set to go public today on the New York Stock Exchange through an underwriting led by JP Morgan Securities (JPM), Citibank (C) and Morgan Stanley (MS).

PROSPECTUS  (issued March 19,2015)

PROSPECTUS (issued June 9,2014)

Ticker: GDDY

  • expected raise: 25.3 million shares @ $19 , $480 million.
  • expected market capitalization : $4.2 billion
2014 Sales: $1.4 Billion
2014 Loss : $143 million
Long term Debt as of 12/31/2014:  approx $1.4 billion


CASH FLOW
Year Ended December 31,
       2012               2013               2014       
(in thousands)
Net cash provided by operating activities
$ 106,110    $ 153,313    $ 180,568   
Net cash used in investing activities
(59,365 (208,466 (107,319
Net cash provided by (used in) financing activities
(35,087 91,120    (29,711







Net increase in cash and cash equivalents

$ 11,658   
$ 35,967   
$ 43,538   









GO DADDY originally filed with Securities & Exchange Commission in 2006 before withdrawing due to poor market conditions.
2006 Filings:


Naked Shorting page 204 Prospectus issued March 19,2015
"In order to facilitate the offering of the Class A common stock, the underwriters may engage in transactions that stabilize, maintain or otherwise affect the price of the Class A common stock. Specifically, the underwriters may sell more shares than they are obligated to purchase under the underwriting agreement, creating a short position. A short sale is covered if the short position is no greater than the number of shares available for purchase by the underwriters under the over-allotment option. The underwriters can close out a covered short sale by exercising the over-allotment option or purchasing shares in the open market. In determining the source of shares to close out a covered short sale, the underwriters will consider, among other things, the open market price of shares compared to the price available under the over-allotment option.
The underwriters may also sell shares in excess of the over-allotment option, creating a naked short position. The underwriters must close out any naked short position by purchasing shares in the open market. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of the Class A common stock in the open market after pricing that could adversely affect investors who purchase in this offering. As an additional means of facilitating this offering, the underwriters may bid for, and purchase, shares of Class A common stock in the open market to stabilize the price of the Class A common stock. These activities may raise or maintain the market price of the Class A common stock above independent market levels or prevent or retard a decline in the market price of the Class A common stock. The underwriters are not required to engage in these activities and may end any of these activities at any time"


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