GoDaddy revs up tech sector with Wall Street offering

GoDaddy, which has built its reputation trying to make Web hosting sexy, storms into Wall Street with a stock offering Wednesday aiming to revive the public markets' appetite for technology. Arizona-based GoDaddy is expected to raise more than $400 million in an initial public offering which marks the end of a noticeable drought for the sector, which has been pumped up by cash from private equity investors.

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