Rackspace IPO prices at bottom of target range

By

Raises about $977 million.

Rackspace IPO prices at bottom of target range
Cloud services firm Rackspace Technology sold shares in its initial public offering (IPO) on Tuesday at US$21 (A29.20) per share, the bottom end of its target range, to raise US$703.5 million (A$977 million), the company said. The IPO valued San Antonio, Texas-based Rackspace, which is owned by ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Google Cloud outage hits platforms

Google Cloud outage hits platforms

Rio Tinto AI tool aids defect elimination in rail operations

Rio Tinto AI tool aids defect elimination in rail operations

icare signs $29m cloud renewal with AWS

icare signs $29m cloud renewal with AWS

Lion builds an app to detect its beers on tap in venues

Lion builds an app to detect its beers on tap in venues

Log In

  |  Forgot your password?