GoDaddy surges in IPO debut, adds 30 percent
GoDaddy will price its initial public offering at $20 per share, above its previously indicated range, the web-hosting company said late on Tuesday.
GoDaddy's offering of 23 million shares was previously expected to price between $17 and $19 per share.
The company-which manages about a fifth of the world's Internet domains- will list on the New York Stock Exchange under the ticker "GDDY."
Morgan Stanley, J.P. Morgan Securities and Citigroup Global Markets are acting as lead joint bookrunners for the offering.
The company is the most notable technology IPO since Box (BOX) went public in January. The online data storage provider's shares have fallen nearly a third since their market debut.
-Reuters and CNBC's Katy Barnato contributed to this report
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