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GoDaddy shares surged in their Wall Street debut Wednesday, as the market welcomed the company that tries to make Internet domain management and website hosting sexy. The stock trading under the symbol GDDY jumped 31 percent to $26.19 at 1520 GMT, following the initial public offering at $20 a share raising some $460 million. At the current price, GoDaddy's market value is roughly $4 billion, joining a host of emerging technology firms which have been looking mainly to private equity instead of Wall Street. GoDaddy, known for its provocative television ads with scantily clad women and its sponsorship of race car driver Danica Patrick, was only the fourth IPO for the tech sector so far this year, according to Renaissance Capital.
LITTLE ROCK, Ark. (AP) — Arkansas Gov. Asa Hutchinson on Wednesday called for changes to a religious objection measure facing a backlash from businesses and gay rights groups, saying it wasn't intended to sanction discrimination based on sexual orientation.