GoDaddy shares jump in market debutSAN FRANCISCO - If GoDaddy had hoped to draw attention to something other than provocative ads succeeded.The
company's shares made their trading debut on Wednesday at $ 26.15,
about 30 percent above the issue price of $ 20 per share, a dollar more
than at the upper end of expectations. At the opening price, the company is about 4 billion US dollars.
And when the late afternoon, the company's shares were held at about $ 26.19 a stable, trading on the New York Stock Exchange under the ticker symbol GDDY.
The debut is a promising start for GoDaddy, as they embark on a new life as a listed company. She hopes investors and customers show that register more than one way to site's domain name or a supplier of daring advertising.
"It feels good to credit for the work we have done to get" Blake Irving, CEO of the company, said in an interview.
Since the acquisition of three private equity firms - Silver Lake, Kohlberg Kravis Roberts and Technology Crossover Ventures - for $ 2.25 billion in 2011, GoDaddy has expanded both its line of deals and their international presence. Domain name registration is still his biggest company, but the company has become one of the largest resellers of Microsoft Office 365 product line.
And it has grown to 37 countries, international operations come to a quarter of its sales.
Even as a small business now has to take care of more than just setting up a website - they need to improve their social media presence, show up on Yelp and improve their visibility in Google searches - including GoDaddy has moved to meet those needs ,
"The IPO is an opportunity for us to show customers the size and scope of the business," Irving said. "We provide a continuum of services."
And when the late afternoon, the company's shares were held at about $ 26.19 a stable, trading on the New York Stock Exchange under the ticker symbol GDDY.
The debut is a promising start for GoDaddy, as they embark on a new life as a listed company. She hopes investors and customers show that register more than one way to site's domain name or a supplier of daring advertising.
Since the acquisition of three private equity firms - Silver Lake, Kohlberg Kravis Roberts and Technology Crossover Ventures - for $ 2.25 billion in 2011, GoDaddy has expanded both its line of deals and their international presence. Domain name registration is still his biggest company, but the company has become one of the largest resellers of Microsoft Office 365 product line.
And it has grown to 37 countries, international operations come to a quarter of its sales.
Even as a small business now has to take care of more than just setting up a website - they need to improve their social media presence, show up on Yelp and improve their visibility in Google searches - including GoDaddy has moved to meet those needs ,
"The IPO is an opportunity for us to show customers the size and scope of the business," Irving said. "We provide a continuum of services."