GoDaddy is aiming to raise as much as $418 million in what will be the biggest IPO of the year since Box went public. The Scottsdale, Arizona-based web hosting company expects to sell 22 million shares for between $17 and $19 for a total firm valuation of $4 billion, if debt is included. Currently owned by a group of PE firms that includes KKR and Silver Lake, GoDaddy will trade under the “GDDY” ticker symbol when it hits the New York Stock Exchange, “as soon as possible,” according to sources. The company first declared its intention to go public back in June.
Coyote Logistics, a software company that offers third party logistics solutions to the trucking industry, is preparing for an IPO that could value the company at around $2 billion, according to a report by The Wall Street Journal. Coyote is based in Chicago and was founded in 2006.
Bloomberg is reporting that the Chinese search engine Sogou, Inc. is planning to sell shares in the United States in the second part of the year in a deal that could value the standalone company at over $3 billion. Its parent company, Sohu.com, Inc., is already publicly listed in the U.S., but has over 40% of its equity tied up in Tencent Holdings, Inc., another Chinese Internet company that bought its stake for $516 million back in 2013.
The Japanese e-commerce company Rakuten will pay $410 million to acquire OverDrive, an American electronic book company that specializes in rentals to schools and libraries. The Cleveland, OH-based company was owned by Insight Venture Partners, the New York growth equity firm that purchased OverDrive in 2011.
AppNexus, a leader in Real Time Bidding (RTB) online advertising technology, is paying $100 million in cash and stock to acquire its fellow New York-based ad tech firm Yieldex. AppNexus was rumored to be worth $1.2 billion before the acquisition and is reportedly exploring an IPO.