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.
