Wednesday, April 1, 2015

GoDaddy Shares Pop In IPO

Shares of Scottsdale, Arizona-based GoDaddy popped in its IPO debut Wednesday, opening at $26.15, above even the increased $20 per share pricing for the company's stock set on Tuesday night, an increase of 31 percent. The domain name and Internet services provider traded as high as $26.84 during the day, and then settled back down to $26.15 at the close of the market. GoDaddy had already priced above its initial $17.00 to $19.00 per share estimated IPO range.