GoDaddy hit the finish line in high gear Wednesday as its IPO exceeded expectations, raising $460 million and giving the company a market valuation near $4 billion. The sponsor of race car driver Danica Patrick, who has long been the company’s celebrity spokesperson, GoDaddy (GDDY) saw its stock pop 31% in its debut. The company late Tuesday priced 23 million shares at 20, above its expected range of 17 to 19. The stock closed at 26.15. GoDaddy
Net neutrality rules could throw a wrench into Verizon’s plans to launch a mobile video-streaming service. Analysts expect Verizon Communications (VZ) to join Dish Network, Sony and Apple in launching online video-streaming services. Verizon, which could launch its service as early as June, aims to set itself apart by focusing its service on wireless phone users. But in the meantime, Verizon is battling the Federal Communications Commission over
Federal regulators aim to add unlicensed radio bands available for wireless services, with some airwaves set aside for free Wi-Fi access and some available for commercial use. Google (GOOGL) and Verizon Communications (VZ) are among the companies keeping close track of new rules that the Federal Communications Commission will create to cover the use of this spectrum. The FCC plans to vote on April 17 regarding a spectrum-sharing scheme that