Web hosting and domain-registration company GoDaddy closed out the day with shares of its stock going for $26.15 — exactly the same price at which it debuted this morning on the New York Stock Exchange under the symbol GDDY.
The lack of a big increase isn’t a terrible thing, considering that the $26.15 debut price this morning gave the company a 31 percent pop.
GoDaddy sold 23 million shares for $20 each, raising $460 million in the initial public offering (IPO), after initially providing an IPO price range of $17-19.
The results come after some successful tech IPOs recently, including Box, New Relic, and Hortonworks.
GoDaddy started in 1997, initially under the name Jomax Technologies Inc. The name changed in 1999. The company was looking to go public in 2006 but that never panned out. This time, though, the IPO is a go, and now the company can focus on growing beyond its already solid base, with $1.38 billion in annual revenue and around 13 million customers.
The company now carries a market cap of $6.32 billion, according to Google Finance.
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