GoDaddy Sets $250 Million Accelerated Stock Buyback
12 Agosto 2021 - 11:15AM
Dow Jones News
By Colin Kellaher
GoDaddy Inc. on Thursday said it will buy back $250 million in
stock under an accelerated repurchase agreement with Goldman Sachs
& Co.
The Tempe, Ariz., company that helps individuals and businesses
create websites currently has about 168 million shares outstanding
and sports a market capitalization of nearly $12 billion.
GoDaddy said its share-repurchase program will still have about
$750 million available upon completion of the accelerated
buyback.
The company said that upon completion, it will have bought back
about 6.9 million shares so far this year, and roughly 16.9 million
shares, or more than 9% of its shares outstanding, since the start
of 2020.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 12, 2021 10:14 ET (14:14 GMT)
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