01 Apr '15, 3pm

GoDaddy shares pop 30% at open

So far, so good for GoDaddy’s IPO. It’s not an April Fool joke — GoDaddy is off to a great start in the public markets. Shares began trading at about $26 today, 30% over where the IPO priced. The $20 pricing was itself above the expected range of $17-$19. At $26 a share, the company is being valued at about $4 billion. The nice open might be affecting shares of rival Web.com (NASDAQ: WWWW), which are up close to 3% today. Other domain name stocks are mixed. Tucows shares are up about a percent and Rightside is trending downward. We’ll see if GoDaddy’s 30% jump holds through the day. Email Learn more... Rightside shares hit new low With Lock Up Period Ending, Demand Media Shares Hover at $11 GoDaddy goes public today, raises $460 million

Full article: http://domainnamewire.com/2015/04/01/godaddy-shares-pop-3...

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GoDaddy goes public today, raises $460 million

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