(Reuters) – Web-hosting company GoDaddy Inc’s initial public offering is expected to value the company at up to $2.87 billion, and comes at a time when there has been a steep fall in the number of companies going public in the United States.
Including debt, the company could be valued at $4 billion.
The IPO market has had a slow start this year compared with 2014 when U.S. IPOs raised about $93 billion, the highest since 2000.
Only two technology companies have gone public this year including online data storage provider Box Inc (BOX.N), whose shares have dropped about 27 percent since the company’s market debut in January.
IPO analysts expect GoDaddy, which manages about a fifth of the world’s Internet domains, to fare better than Box due to demand for stock offerings from…
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