By Corrie Driebusch
GoDaddy Inc., a technology provider to small businesses, priced
its initial public offering at $20 a share Tuesday, according to a
person familiar with the offering.
The deal raised $460 million by selling 23 million shares, above
expectations. The company had planned to sell 22 million shares in
the range of $17 to $19, according to a regulatory filing.
GoDaddy, which is perhaps known nearly as much for its racy
television commercials as it is for selling Web domains, has been
working to make over its image. It also wants to promote services
beyond the sale of Web domains, including helping customers get
their websites running, growing their business, and selling them
products.
Shares of GoDaddy are set to begin trading on the New York Stock
Exchange on Wednesday under the symbol "GDDY."
Morgan Stanley, J.P. Morgan and Citigroup are leading the
deal.
Write to Corrie Driebusch at corrie.driebusch@wsj.com
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