The underwriters have an overallotment option of 3.3 million additional shares. Morgan, Citigroup, RBC Capital Markets, Barclays, Deutsche Bank Securities, KKR, Stifel, Piper Jaffray, Oppenheimer and JMP Securities. Underwriters for the offering are Morgan Stanley, J.P. The company plans to offer 22 million shares in an IPO price range of $17 to $19 to raise $396 million at a market cap of around $2.7 billion. The company believes that its addressable market extends beyond small businesses and includes individuals and organizations, such as universities, charities and hobbyists.
GoDaddy serves approximately 13 million customers. The company claims that it operates the world’s largest domain marketplace, providing website building, hosting and security tools. is a Web hosting and services provider to small businesses, Web design professionals and individuals. There are four IPOs on this week’s calendar, including two holdovers, an Israeli firm, and the widely anticipated launch of a U.S. Renaissance Capital does not include OTC listings or blank check companies in its IPO data.ĪLSO READ: 8 Analyst Stock Picks Under $10 With Huge Upside Targets Last year’s IPO total came in at $85.2 billion, the highest total in the past 10 years. Of the 33 IPOs that have gone off this year, 16 have come from the health care sector. Total proceeds raised come to $5 billion, down nearly 53% compared with the same period in 2014. IPO ETF manager Renaissance Capital reported that 33 IPOs have priced in the United States so far this year, down about 48% from a year ago. Tantech Holdings Ltd (NASDAQ: TANH) priced at the bottom of its $4 to $6 expected range and more than doubled to post an opening day high of $9.50 before closing the week at $6.79. (NYSE: FSB) raised $126 million, $100 million, $55 million and $228 million, respectively. (NASDAQ: CLLS), and Franklin Financial Network Inc. One company, Valeritas Inc., an insulin pump maker, has postponed its IPO and another medical device maker, ViewRay Inc., delayed its offering until this week.
Source: ThinkstockFour companies raised a total of more than $500 million last week after successfully completing initial public offerings (IPO).