GoDaddy hit the finish line in high gear Wednesday as its IPO exceeded expectations, raising $460 million and giving the company a market valuation near $4 billion. The sponsor of race car driver Danica Patrick, who has long been the company’s celebrity spokesperson, GoDaddy (GDDY) saw its stock pop 31% in its debut. The company late Tuesday priced 23 million shares at 20, above its expected range of 17 to 19. The stock closed at 26.15. GoDaddy
And they’re off … . GoDaddy (GDDY), the longtime sponsor of race car driver Danica Patrick, who has long been the company’s celebrity spokesperson, saw its stock pop more than 30% in its debut Wednesday after pricing above its expected range and raising $460 million. The company is the largest provider of website hosting services, including selling and managing domain names and helping build websites. GoDaddy says it has more than 13 million
GoDaddy (GDDY) priced its IPO late Tuesday at 20, above the expected range of 17-to-19 and placing a valuation on the Internet company at more than $3 billion. GoDaddy offered 23 million shares and raised $460 million. It originally planned to sell 22 million shares, but increased that by 1 million, according to IPO Boutique. That makes it the eighth-largest IPO in the Internet software and services category since 2001, according to IPO research