Company prices above expected range, valuing company at over $3 billion.
GoDaddy will begin trading on the New York Stock Exchange today under the symbol “GDDY”.
The company 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 company at just over $3 billion.
The initial public offering should 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 companies, such as Web.com (WWWW) and Rightside (NAME).
Stay tuned for updates today.
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