GoDaddy offering 16.5 million shares for sale

GoDaddy Inc. said Tuesday it has started a public offering of 16.5 million common shares. The domain name registration company said it will not receive any proceeds from the sale, as all of the shares are being offered by selling stockholders. The stock, which is still inactive in premarket trade, has gained 1.3% year to date, while the S&P 500 has tacked on 1.1%.

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From:: Stock Market News

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