NEW YORK ( TheStreet) -- GoDaddy priced its IPO beyond its earlier pricing range and bumped up the offering by 1 million shares on Tuesday, a move that signals the strong interest its IPO has spurred among investors. GoDaddy priced its IPO at $20 a share, raising $460 million by selling 23 million shares, according to a report in The Wall Street Journal.

GoDaddy, which sells Web domains and services designed to assist its customers' efforts to expand their businesses, previously set a pricing range of $17 to $19 a share that it would select from to set its IPO price. But apparently investor demand was strong enough to set the price of the IPO at $20 a share and offer 23 million shares, rather than its previous plans of 22 million shares.

The Scottsdale, Ariz.-based company, will trade on the New York Stock Exchange under the ticker "GDDY."  Typically, once a company prices its IPO, its shares begin to trade on the market the following day. A report in Reuters indicates that is the expected scenario.

GoDaddy ranks as the second largest technology IPO this year, behind the $600 million raised by Inovalon (INOV) - Get Inovalon Holdings, Inc. Class A Report, which went public on Feb. 12. When Inovalon went public, its shares soared 10% on its first trading day. Inovalon priced its IPO at $27 a share, $1 above the high end of its pricing range like GoDaddy chose to do, and that technology company rose even further once it started trading.

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So far this year, only 33 companies have gone public in the U.S., which is down 48% from a year ago during this same period. And to date, only three companies have launched an IPO Inovalon, Box (BOX) - Get Box, Inc. Class A Report and MaxPoint Interactive (MXPT) .

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.