GoDaddy offered 23 million shares of its Class A common stock as part of its initial public offering that took place at the New York Stock Exchange on Wednesday. The company revealed that the price for each share is $20.

GoDaddy is aiming to raise as much as $460 million in the initial public offering, which it has priced higher than an earlier estimate. Previously, the company planned to offer 22 million shares, with each selling at $17 to $19.

With this price range, it is possible for the company to raise $440 million and earn a valuation of around $4.5 billion.

GoDaddy has also granted underwriters the opportunity to purchase up to 3,000,000 more shares of Class A common stock within a 30-day option in order to cover any possible over-allotments. The shares of the company's Class A common stock has already begun trading at the New York Stock Exchange on the first day of April 2015. The company has been assigned with the trading symbol "GDDY."

The offering's lead joint bookrunners, book-running managers and co-managers have also been identified. Citigroup Global Markets, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC make up the lead joint bookrunners in the offering. RBC Capital Markets, LLC, Deutsche Bank Securities Inc. and Barclays Capital Inc. are its book-running managers. Lastly, JMP Securities LLC, Oppenheimer & Co., Inc., Piper Jaffray & Co., Nicolaus & Company Inc. and KKR Capital Markets LLC are the offering's co-managers.

The IPO's press release states that: "A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission."

GoDaddy is a technology provider that is dedicated to offer services to small businesses. Located at Scottsdale, Arizona, the company is known for its racy Super Bowl commercials. Currently, it is the biggest provider of Web domains with as many of 13 million customers. In 2014, it had disclosed a net loss total of $143.3 million, although revenue grew by 23 percent to $1.4 billion.

In spite of the fact that the company has managed to stay in the business for 18 years now, it appeared to be unprofitable, especially considering the fact that it faces a huge debt.

Photo: David Blaikie I Flickr