GoDaddy is a go go go in IPO debut

April 1, 2015 2:51 PM

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GoDaddy is a go go go in IPO debut

GoDaddy, the Internet domain registrar and web hosting service best known for outrageous TV ads, soared in its Wednesday debut, trading at 33% above its initial public offering price.

The IPO was expected to raise $460 million after 23 million shares priced at $20 each were sold. After order imbalances delayed trading by 35 minutes, shares were up 33% to $26.53 by mid-morning.

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