GoDaddy Reportedly Prices IPO At $20/share, Above Range

Website-hosting company GoDaddy Inc. priced its initial public offering late Tuesday above its indicative range, reports said, suggesting strong demand for the issue. GoDaddy drew $20 a share for the IPO, Reuters cited unnamed underwriting sources as saying, with Dow Jones Newswires later reporting the same amount. This would be above the previously stated $17-$19 range and would imply proceeds of $440 million, with a total company value of about $4.5 billion, according to Reuters. The stock was due to debut Wednesday on the New York Stock Exchange. GoDaddy had initially sought to go public in 2006 but later canceled the listing due to market conditions.