NEW YORK (AP) - GoDaddy shares are jumping in their market debut after the Web hosting company known for racy TV commercials priced its initial public offering of stock above expectations.

NEW YORK (AP) GoDaddy shares are jumping in their market debut after the Web hosting company known for racy TV commercials priced its initial public offering of stock above expectations.

The stock rose $6.15, or 31 percent, to $26.06, well above the IPO price of $20 per share. That marked an increase from the prior high estimate of $19 per share.

Overall, the Scottsdale, Arizona, company is offering 23 million shares and hopes to raise up to $460 million in the offering.

Underwriters have a 30-day option to buy up to an additional 3 million shares.

The lead underwriters are Morgan Stanley & Co., J.P. Morgan Securities LLC and Citigroup Global Markets Inc.