Rackspace IPO prices at bottom of target range

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Rackspace IPO prices at bottom of target range

Raises about $977 million.

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 ...

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