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

Anthony Garreffa | Apr 2, 2015 at 10:34 pm CDT (0 mins, 30 secs time to read)

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 has been valued at over $5 billion after its IPO | TweakTown.com

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.

Last updated: Apr 6, 2020 at 08:44 pm CDT

NEWS SOURCE:theguardian.com

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.