GoDaddy prices IPO at $20 per share; stock soars in early trading

GoDaddy transforms, now has 13 million+ customers
GoDaddy transforms, now has 13 million+ customers

GoDaddy priced its initial public offering at $20 per share on Wednesday, above its previously indicated range, the web-hosting company said late on Tuesday.

In its early trading on the New York Stock Exchange, GoDaddy's stock soared by more than 30 percent. The offering of 23 million shares was previously expected to price between $17 and $19 per share.

The company—which manages about a fifth of the world's Internet domains— is trading on the NYSE under the ticker "GDDY."

Morgan Stanley, J.P. Morgan Securities and Citigroup Global Markets are acting as lead joint bookrunners for the offering.

The company is the most notable technology IPO since Box went public in January. The online data storage provider's shares have fallen nearly a third since their market debut.

—Reuters and CNBC's Katy Barnato contributed to this report