For Quick Alerts
For Daily Alerts

GoDaddy's IPO surge over 30% on debut

By Religare

GoDaddy Inc, the Internet domain registrar, shares surged over 30 per cent in its IPO debut on Wednesday following a USD 460 million initial public offering, as investors spotted a bargain in a company making a shift from Internet domains to small-business services.

The stock of GoDaddy opened at USD 26.15 and touched a high of USD 26.84 on the New York Stock Exchange (NYSE. Its public debut comes a day after it raised USD 460 million from selling 23 million class shares priced at USD 20, above its expected range.


Morgan Stanley, JP Morgan Chase & Co and Citigroup Inc were the lead underwriters for the IPO.

Following its stock market debut, the company is currently valued at up to USD 5.48 billion, including debt.

Meanwhile, shares of the Company closed at USD 26.15, up 30.75 per cent on the NYSE.

Story first published: Thursday, April 2, 2015, 12:40 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more