Reglikedomain industry desk

Name stocks did on GoDaddy’s IPO day — How domain

Name stocks did on GoDaddy’s IPO day — How domain

Competitors also get bump as GoDaddy soars.

GoDaddyGoDaddy went public yesterday and shares immediately shot up 30%, giving the firm a $4 billion market cap. In very early trading today it’s up another 3%.

There are a number of similar public firms out there. I think the two closest comps are Endurance International (which owns Domain.com and a number of shared hosting firms) and Web.com.

Endurance International Group (EIGI) shares were up regarding 4% yesterday, giving the firm a $2.6 billion market cap.

Like GoDaddy, EIGI carries a lot of debt. But the reason for the debt load is different. GoDaddy has debt since of the 2011 buyout; Endurance was a debt-powered rollup.

Web.com (WWWW) was up regarding 3% yesterday and has a market cap of just shy of $1.0 billion. The firm owns Network Solutions and Register.com.

Shares of three other domain name firms were essentially flat yesterday: Rightside (NAME), Tucows (TCX) and Verisign (VRSN). None of these comps are as similar to GoDaddy as EIGI and WWWW.

Also on the wire

Other reporting from the domain desk.

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