Godaddy Is Up Over $6 a Share In Early Trading

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Godaddy (GDDY) which went public today at $20 IPO price is trading as of publication at $26.30, up $6.30

Godaddy’s first trade was at $26.18 then slipped as low as $25.49 before bouncing to its inter-day high of $26.84.

Over 10,500,000 shares of Godaddy were traded in less than the 1st hour of trading.

Godaddy sold 22 Million shares at $20 a share so more than 50% of the amount of shares available to be traded have been traded already in the first hour.

 

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  3. Jeff Schneider says

    Hello MHB,

    All new offerings have ARB support, when the arbs back off look out below. JAS 4/1/15

    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)