GoDaddy hopes to raise up to $460 million in IPO

NEW YORK (AP) - GoDaddy hopes to raise up to $460 million in an initial public offering that is priced above an earlier estimate from the web hosting company.

The Scottsdale, Arizona company, known for its racy Super Bowl commercials, is offering 23 million shares at $20 apiece. It previously had planned to offer 22 million shares for as much as $19 apiece.

Underwriters have a 30-day option to buy up to an additional 3 million shares.

The stock will begin trading Wednesday on the New York Stock Exchange under the "GDDY" ticker symbol.

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