The domain name industry has been buzzing with activity since the company announced its latest stock offering on Monday, the biggest ever.
The company, which is based in Los Angeles, said it had $30 billion in annual revenue, and said it would spend the cash on acquisitions and investments in technology and new products to keep up with the growing demand for its products.
But the stock soared after the company said it expected revenue growth of at least 25 percent in the second half of the year and would expand its presence in more countries.
Domain brokers have been struggling for years with the fallout from the Internet bubble, which hit their business hard.
They say the surge in demand for their products in emerging markets is the biggest threat to their business.
The stock rose as much as 7.7 percent after the IPO announcement.
The Dow Jones Industrial Average gained 0.6 percent to 21,000.
The NASDAQ composite index of listed companies climbed 3.7 points to 5,097.
The S&P 500 rose 0.9 percent to 2,876.
The Nasdaq is an index of the largest U.S. companies and their affiliates, as well as other large companies and small ones.
It is based on the number of companies listed on a particular stock exchange.
The Nasdaq Composite Index is a measure of the value of a stock by its peers.
The IPO comes just weeks after the Federal Reserve announced its first-ever bond purchases and a $100 billion stimulus package, which could help lift the U.K. economy.