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

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 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.