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 Web.com (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.