GoDaddy, which has built its reputation trying to make Web hosting sexy, storms into Wall Street with a stock offering Wednesday aiming to revive the public markets' appetite for technology. Arizona-based GoDaddy is expected to raise more than $400 million in an initial public offering (IPO) which marks the end of a noticeable drought for the sector, which has been pumped up by cash from private equity investors. In another sign that seems to hint at keen investor interest, GoDaddy has raised the number of shares on offer from 22 to 23 million. GoDaddy, known for its provocative television ads with scantily clad women and its sponsorship of race car driver Danica Patrick, will be only the fourth IPO for the tech sector so far this year, according to Renaissance Capital.
via Tech News Headlines - Yahoo News http://ift.tt/1GJzJMh
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