GoDaddy Inc. GDDY recently announced that its selling stockholders intend to make an underwritten secondary offering of 16.5 million shares of Class A common stock.These stockholders are affiliated with Kohlberg Kravis Roberts & Co. L.P., Silver Lake Partners, Technology Crossover Ventures and YAM Special Holdings, Inc.It should be noted that since no share is being sold by the company, the proceeds will go to selling shareholders. Following the news, share price declined 7.27%.Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as lead joint book runners for the offering. Barclays Capital Inc., Deutsche Bank Securities Inc. and RBC Capital Markets, LLC are acting as book-running managers for the offering.Bottom LineGoDaddy designs and develops cloud-based technology products for individuals, small businesses, and web design professional. Its products include domain, hosting, presence, and business applications.In the last reported fourth quarter of 2015, the company posted strong top-line growth. The company saw revenue figures of $425.4 million, just beating our estimate of $424 million. Also, GoDaddy posted break-even results which were better than the Zacks Consensus Estimate.It is, however, worth noting that GoDaddy has not recorded any profits to-date. In 2015, the company’s revenues rose approximately 16% to $1.6 billion but could not cover the costs, resulting in a net loss of $120.4 million. This does not speak well of a mature, 19-year old company. GoDaddy has highlighted its cash flow from operations, blaming the losses on accounting rules that require it to defer the reporting of some subscription revenues.Nevertheless, GoDaddy is striving to expand internationally (reportedly China, Japan, Singapore and Korea). Moreover, with product development and more effective ads, the company is trying to establish itself as a serious player.GoDaddy currently has a Zacks Rank #2 (Buy).Some better-ranked stocks in the same space are Travelport Worldwide Limited TVPT, Stamps.com Inc. STMP and Groupon Inc. GRPN. While Travelport and Stamps.com sport a Zacks Rank #1 (Strong Buy), Groupon has a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report STAMPS.COM INC (STMP): Free Stock Analysis Report GROUPON INC (GRPN): Free Stock Analysis Report TRAVELPORT WWD (TVPT): Free Stock Analysis Report GODADDY INC-A (GDDY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research