GoDaddy IPO expected to value company at $2.87B

Web-hosting company GoDaddy Inc.'s initial public offering is expected to value the company at up to $2.87 billion, Reuters reports.

Including debt, the value increaases to $4 billion.

GoDaddy's revenue rose 22.7 percent to $1.4 billion in the year ended Dec. 31 from a year earlier. Net loss narrowed to $143.3 million from $200 million.

The company is expected to list its shares on the New York Stock Exchange under the code GDDY.

Read more from Reuters.