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GoDaddy has been valued at over $5 billion after its IPO

GoDaddy has been valued at a huge $5 billion, with its shares rising by 30% after they were floated on the NYSE

By Anthony Garreffa from Apr 2, 2015 @ 22:34 CDT

GoDaddy is now on the New York Stock Exchange, with the company being valued at over $5 billion yesterday. Once GoDaddy hit the NYSE, their shares rose by a huge 30%.

godaddy-valued-over-5-billion-ipo_04

GoDaddy floated at $20 per share before it quickly rose as high as $26.80, which sees the company being valued at $5.5 billion, including debt. If you haven't heard of GoDaddy, they are a domain name registration and web hosting company, better known for their controversial Super Bowl ads. They raised $460 million from selling 23 million shares, so people have faith in them to dump half a billion dollars in a single day.

NEWS SOURCES:Theguardian.com


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