Web hosting company GoDaddy will price its initial public offering at $20 per share, above its previously indicated range, to value it around $4.5 billion including debt, Reuters reported on Tuesday, citing sources.
GoDaddy's offering of 22 million shares was expected to price between $17 and $19 per share and raise up to $418 million, the company said in a regulatory filing earlier this month. It would raise $440 million at $20 per share, Reuters said.
GoDaddy-which manages about a fifth of the world's Internet domains- will list on the New York Stock Exchange under the ticker "GDDY."
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 contributed to this report