Go, daddy, go: GoDaddy shares rocket 30% in value at IPO

GoDaddy has had a successful launch at the New Stock Exchange on Wednesday morning with shares jumping more than 30 per cent, valuing the company at around $6bn.

GoDaddy lost $143m last year and $622m in the past three years. While the company claims it is confident that Google's move into the domain name space will not impact it too much, it did delay the IPO in order to see what the search giant was intending, indicating that it knows it is in a potentially weak position.