GoDaddy shares pop 30% at open

So far, so good for GoDaddy’s IPO.

It’s not an April Fool joke — GoDaddy is off to a great start in the public markets.

Shares began trading at about $26 today, 30% over where the IPO priced. The $20 pricing was itself above the expected range of $17-$19.

At $26 a share, the company is being valued at about $4 billion.

The nice open might be affecting shares of rival (NASDAQ: WWWW), which are up close to 3% today. Other domain name stocks are mixed. Tucows shares are up about a percent and Rightside is trending downward.

We’ll see if GoDaddy’s 30% jump holds through the day.

IBM’s Softlayer hit with ICANN breach notice

Notice appears to be triggered by customer complaint.

ICANN has sent a breach notice (pdf) to Everyones Internet, Ltd. dba SoftLayer, citing multiple contract infractions. Softlayer was acquired by IBM in 2013.

According to the most recent .com registry report from November, Softlayer’s domain business is meaningful. It had about 90,000 .com registrations at the time.

The breach appears to be triggered from a dispute about the domain name and maintaining registration records for it. But it also cites a number of other areas of non-compliance: Click here to continue reading…

GoDaddy goes public today, raises $460 million

Company prices above expected range, valuing company at over $3 billion.

GoDaddy will begin trading on the New York Stock Exchange today under the symbol “GDDY”.

The company priced at $20 per share and sold 23 million shares, raising $460 million. This was above its planned price range of $17-$19, and values the company at just over $3 billion.

The initial public offering should bring a lot of attention to the domain name industry today. It will be interesting to see if it has an effect on other publicly traded domain name companies, such as (WWWW) and Rightside (NAME).

Stay tuned for updates today.

Rightside stock up 50% this year

Shares rebound from tough 2014.

2014 was miserable for owners of Rightside stock. Its shares sank 58% from $15.82 after being spun off from Demand Media to $6.72 at the close of 2014. Ouch.

2015 is seeing a big reversal. Shares opened today at $10.11, up 50% from the January 2 open of $6.76.

The fundamentals of the business don’t seem to have changed, but people are buying the stock. I suspect a lot of the sell-off in 2014 was from people who invested in Demand Media and didn’t care to own a pure-play domain name business. They went ahead and took the tax loss. It’s worth noting that most domain name stocks had a weak 2014.

Here’s a chart showing Rightside’s stock performance.

Rigthside owns eNom,, a large domain portfolio, half of NameJet and Rightside Registry.

Weebly introduces program for domain name registrars and hosts

Reseller program allows hosts and registrars to offer Weebly website builder tools.

weeblyWebsite builder Weebly launched a new program for domain name registrars and webhosts today, enabling them to offer Weebly’s website creation tool to their customers.

NameCheap and Endurance International Group (which owns a number of hosting companies and are initial customers of the new Weebly for Hosts.

Weebly for Hosts is essentially a reseller program, allowing companies to offer a simple website builder in order to sell more domains and hosting packages, as well as retain customers with a sticky product. Resellers can also offer customers paid packages as a new revenue source.

Weebly claims to be used by over 30 million entrepreneurs, and competes with companies such as Wix.

Former eNom VP Chris Sheridan joined Weebly earlier this year.