GoDaddy IPO shares expected to top estimates with $4.5 billion valuation

The domain hosting service has been humming along with a highly-anticipated initial public offering plan, and now it looks like shares are poised to get off to a good start very soon.

It's already turning out to be a big week for Silicon Valley on Wall Street, but GoDaddy might steal the spotlight once and for all.

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The domain hosting service has been humming along with a highly-anticipated initial public offering plan, and now it looks like shares are poised to get off to a good start very soon.

According to reports from CNBC and Reuters, among others, GoDaddy has priced its IPO at $20 per share, valuing the company around $4.5 billion.

In a regulatory filing submitted earlier this month, GoDaddy had outlined plans for offering up 22 million shares of Class A common stock, priced between between $17 and $19 per share with a valuation of just $2.87 billion.

However, the latest filing with the U.S. Securities and Exchange Commission has not been released yet nor has GoDaddy publicly commented on the higher valuation at the time of publishing.

GoDaddy is headed for trading on the New York Stock Exchange later this week under the symbol "GDDY."

Founded in 1997, GoDaddy's IPO has been a long time coming, accumulating more than 60 million personal and business domains under its umbrella over nearly two decades.

Earlier on Tuesday, another tech darling -- albeit slightly younger but still a decade old -- is just launching its IPO roadshow.

Artisinal digital marketplace Etsy said it expects shares to fall between $14 and $16 at the start of trading with more than 16.6 million shares included in the IPO.

When it does go public, Etsy shares will trade on the Nasdaq stock exchange under the ticker symbol, "ETSY."

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