GoDaddy, the world’s biggest provider of domain names (like washingtonpost.com) and a major cheerleader of risqué TV ads, saw its stock price climb 30 percent Wednesday, to about $26 a share, during its first day of public trading.
The strong day-one bounce means investors believe that GoDaddy still has room to grow, even if, as analysts with Triton Research wrote, “recent competitive and internal changes could impact its market positioning.”
