If GoDaddy was hoping to draw attention for something other than provocative ads, it has succeeded.
The company's shares made their trading debut on Wednesday at $26.15, more than 30 percent above the initial public offering price of $20 a share and a dollar more than the top end of the expected range. At the opening price, the company is valued at about $4 billion.
The company's shares traded in a fairly narrow range during the day and finished at $26.15, changing hands on the New York Stock Exchange under the ticker symbol GDDY.
That debut is an auspicious start for GoDaddy as it embarks on new life as a publicly traded company. It hopes to show investors and customers that it is more than just a way to register website domain names or a purveyor of risqué advertising.
Otherwise a batch of discouraging economic news deepened investors' concerns about corporate earnings, pulling major U.S. stock indexes down for a second day in a row.
The modest slide cut the Standard & Poor's 500 index's gain for the year to less than one-tenth of a percent. Oil prices surged above $50 a barrel on signs that U.S. production growth is slowing.
Payroll processor ADP said U.S. companies added fewer jobs last month than economists had expected, while an index of manufacturing activity declined for the fifth month in a row. In addition, the government said U.S. construction spending fell in February.
"The data show we definitely hit a bit of a slowdown in the first quarter, and now investors are getting worried about the upcoming earnings reports," said Chris Gaffney of EverBank Wealth Management.
The Dow Jones industrial average fell 77.94 points, or 0.4 percent, to 17,698.18. The 30-company index was down as much as 191 points. The S&P 500 index slid 8.16 points, or 0.4 percent, to 2,059.69. The index is now up 0.04 percent for the year.
The Nasdaq composite lost 20.66 points, or 0.4 percent, to 4,880.23. The tech-heavy index ended is up about 3 percent this year.
The Associated Press and the New York Times contributed to this report