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GoDaddy stock

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Should I Buy GoDaddy Stock?

By , Associate Editor, Money Morning • @KyleAndersonMM -

should I buy godaddy stock

GoDaddy Inc. (NYSE: GDDY) stock debuted on the New York Stock Exchange today (Wednesday) at $26.15 a share and quickly climbed to $26.84 before 11:00 a.m. That's 34% higher than the $20 offer price.

It has been the most talked about IPO of 2015 so far, and now our readers asking us "Should I buy GoDaddy stock?"

Investor demand for GoDaddy stock has been high in its first day of trading. More than 151 million shares exchanged hands before noon.

Here's a closer look at the GoDaddy IPO and how to play GoDaddy stock now...

GoDaddy IPO Price Set Today - Will This Stock Be a Buy?

By , Associate Editor, Money Morning • @KyleAndersonMM -

GoDaddy IPO price

A GoDaddy IPO price range of $17 to $19 was set this morning (Thursday), as the company prepares to sell 22 million shares.

At the high point of that range, the GoDaddy Inc. (NYSE: GDDY) IPO will raise approximately $418 million. GoDaddy will be valued at roughly $2.87 billion following the IPO.

In 2014, GoDaddy's revenue climbed 22.7% to $1.4 billion.

But those improving financial numbers are not a buy signal for GoDaddy stock. In fact, there are three major reasons that we're avoiding GDDY stock following the GoDaddy IPO...

GoDaddy IPO Joins Crowded Tech Field in 2014

By , Associate Editor, Money Morning • @KyleAndersonMM -

The 2014 IPO market keeps churning out newly public companies, and this time it's the GoDaddy IPO that's grabbing headlines.

A Wall Street Journal report last week citing multiple unnamed sources close to the company states that GoDaddy is in the process of hiring underwriters. That would position the company for an initial public offering toward the end of 2014.

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