Public today, raises $460 million — GoDaddy goes
Firm prices above expected range, valuing firm at over $3 billion.
GoDaddy will begin trading on the Fresh York Stock Exchange today under the symbol “GDDY”.
The firm priced at $20 per share and sold 23 million shares, raising $460 million. This was above its planned price range of $17-$19, and values the firm at just over $3 billion.
The initial public offering ought to bring a lot of attention to the domain name industry today. It will be interesting to see if it has an effect on other publicly traded domain name firms, such as Web.com (WWWW) and Rightside (NAME).
Stay tuned for updates today.






