Will You Buy GoDaddy Stock?
Market Watch reported that GoDaddy hopes to “raise up to $418 million” in its initial public offering. The report stated that the company plans to offer shares priced somewhere between $17-19, although I would imagine that number could change as the GoDaddy IPO gets closer. Based on the IPO numbers, the company market cap would be “approaching $3 billion.”
I am uncertain about whether I am going to try and have my financial advisor get an allocation of shares when the company goes public. I also don’t know if I am going to purchase shares of the company once its starts trading on the New York Stock Exchange (under the ticker symbol GDDY).
I am not much of a stock picker, but one thing I know is that a stock’s performance doesn’t necessarily jive with the company’s products and services. There are many factors that play into the valuation of a stock and how it trades, and just because GoDaddy is good (or bad) for you doesn’t mean you will make money with the stock.
Deciding whether to buy the stock is much different than simply being a customer. I think customers can get a good idea about a company and its operations simply by being a customer, but without doing research, it’s not easy to know if a company’s stock is priced fairly or is going to drop.
I am curious to know if you plan to buy GoDaddy stock once it begins trading on the NYSE. Feel free to share your rationale in the comment section.
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