Web hosting company GoDaddy valued at $5.48 billion in debut

April 1, 2015 2:35 PM

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Web hosting company GoDaddy valued at $5.48 billion in debut

(Reuters) - GoDaddy Inc's (GDDY.N) shares rose as much as 34 percent in their debut on Wednesday, valuing the Web hosting and domain registration company at up to $5.48 billion, including debt.

The company raised $460 million after its initial public offering of 23 million class A shares was priced at $20 per share, above the expected range of $17-$19.

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