GoDaddy Inc., the world's largest website registrar, made its stock market debut Wednesday with an initial public offering that values the company at $5.48 billion. Shares leaped more than 30 percent after the stock opened for trading at $26.15, and rose as high as $26.84, after being priced at $20 a share.
The company had priced its IPO at $20 per share Tuesday evening, above its previous range of $17 to $19 per share. The company raised $460 million as part of the offering.
Founder Bob Parsons launched GoDaddy in 1997 as Jomax Technologies and first sought to take the company public in 2006. That IPO never happened because of unfavorable market conditions. In December 2011, private equity firms Kohlberg Kravis Roberts & Company, Silver Lake Partners and the venture capital firm Technology Crossover Ventures bought GoDaddy for $2.25 billion. The company filed for an IPO again last June.
The complete news can be found here
Shortly after GoDaddy stock began trading, CNBC interviewed GoDaddy CEO Blake Irving. He made some interesting comments on the company’s growth, marketing tactics, branding and rebranding efforts, and cash flow.
You may check the two videos here
GoDaddy's CEO Blake Irving also published "About Us" and "Our Company Values" videos. These videos can be found here
I think the response that the IPO received, has brought more credibility to the company. It shows that people have faith in the company and its management. We may expect better performance in terms of services, etc. I guess.
What do you anticipate from the Day 1 results of the IPO?
The company had priced its IPO at $20 per share Tuesday evening, above its previous range of $17 to $19 per share. The company raised $460 million as part of the offering.
Founder Bob Parsons launched GoDaddy in 1997 as Jomax Technologies and first sought to take the company public in 2006. That IPO never happened because of unfavorable market conditions. In December 2011, private equity firms Kohlberg Kravis Roberts & Company, Silver Lake Partners and the venture capital firm Technology Crossover Ventures bought GoDaddy for $2.25 billion. The company filed for an IPO again last June.
The complete news can be found here
Shortly after GoDaddy stock began trading, CNBC interviewed GoDaddy CEO Blake Irving. He made some interesting comments on the company’s growth, marketing tactics, branding and rebranding efforts, and cash flow.
You may check the two videos here
GoDaddy's CEO Blake Irving also published "About Us" and "Our Company Values" videos. These videos can be found here
I think the response that the IPO received, has brought more credibility to the company. It shows that people have faith in the company and its management. We may expect better performance in terms of services, etc. I guess.
What do you anticipate from the Day 1 results of the IPO?
