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"
