Web.com Announces Launch of Secondary Offering of 8M by Selling Shareholders
Web.com Group, Inc. (Nasdaq: WWWW) today announced the launch of a secondary public offering of 8 million shares of its common stock. All of the shares in the offering are being sold by existing shareholders of Web.com. No shares are being sold by the company in this offering, and Web.com will not receive any proceeds from the sale of common stock by the selling shareholders.
In addition, the selling shareholders will grant the underwriters of the offering an option to purchase up to an additional 1.2 million shares from the selling shareholders.
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