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Actionable news in GDDY: GoDaddy Inc,

GoDaddy (GDDY) Stock Plunges on Stock Offering

NEW YORK (TheStreet) -- GoDaddy (GDDY) stock is tumbling by 7.55% to $30.01 in mid-afternoon trading on Tuesday, after announcing that it has begun a public offering of 16.5 million common shares.

The company will not receive any proceeds from the sale because all of...


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