Latest News

NDIS Commission to have a new intelligent risk engine by August

Australian Payments Plus continues "operating model harmonisation"

The death of standing privilege in the age of AI agents

In Pictures: Infoblox & AISA Women in Cyber Security Summit

Microsoft says new Windows Recall bypass isn't a vulnerability

Rackspace IPO prices at bottom of target range

By Staff Writer

Aug 6 2020 6:47AM

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

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.

© 2019 Thomson Reuters. Click for Restrictions.

Tags:

cloud ipo rackspace

Partner Content

From Faster Coding to Accelerated Innovation Cycles: How Intelligent Orchestration Unlocks AI's Promise

Promoted Content From Faster Coding to Accelerated Innovation Cycles: How Intelligent Orchestration Unlocks AI's Promise

Context engineering emerges as ‘next battleground’ for enterprise AI

Partner Content Context engineering emerges as ‘next battleground’ for enterprise AI

InnoEX and Hong Kong Electronics Fair (Spring Edition) will open in April 2026

Promoted Content InnoEX and Hong Kong Electronics Fair (Spring Edition) will open in April 2026

Why AI, sovereignty and visibility are redefining cyber strategy: Infotrust

Partner Content Why AI, sovereignty and visibility are redefining cyber strategy: Infotrust

Sponsored Whitepapers

The future of resilience: AI-Driven dynamic storage

The future of resilience: AI-Driven dynamic storage

5 reasons to adopt a mobile first security strategy

5 reasons to adopt a mobile first security strategy

Uncomplicate IT Service Delivery with AI Agents

Uncomplicate IT Service Delivery with AI Agents

Getting ahead of the tech: what’s next for Australian organisations in digital transformation

Getting ahead of the tech: what’s next for Australian organisations in digital transformation

Fintech compliance made fast and secure

Fintech compliance made fast and secure

Events

Most Read Articles

Rest Super simplifies staff access to IT, HR and information

Rest Super simplifies staff access to IT, HR and information

NAB hits milestone with tech role insourcing

NAB hits milestone with tech role insourcing

BoM never planned to end reliance on 'legacy' site

BoM never planned to end reliance on 'legacy' site

M365 portal buckling as demand for Copilot refunds soar

M365 portal buckling as demand for Copilot refunds soar

Sydney-based AI-cloud waste startup raises $3m

Sydney-based AI-cloud waste startup raises $3m

Brennan uses NiCE to modernise its contact centre

Brennan uses NiCE to modernise its contact centre

Impact Awards: Tecala slashes customer response times for fintech IQumulate

Impact Awards: Tecala slashes customer response times for fintech IQumulate

Interactive introduces private cloud platform

Interactive introduces private cloud platform

Digital61 expands cybersecurity portfolio

Digital61 expands cybersecurity portfolio

Most popular tech stories