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GoDaddy shares soar 31% in first day of trading
GoDaddy shares soar 31% in first day of trading

Shares of Web-hosting company GoDaddy Inc. soared nearly 31% in their first day of trading on Wall Street, another sign of strength in the tech sector in an otherwise lackluster stock market. Investors pushed the share price to $26.15 Wednesday from its $20 initial public offering price. The closing price values the company at nearly $4 billion. The stock, trading under the symbol GDDY on the New York Stock Exchange, hit a high of $26.84 during trading. The Scottsdale, Ariz., company, perhaps best known for its racy television ads, jacked up the number of shares it offered to 23 million, a million more than it had planned, because of strong market demand. It raised more than $460 million...

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