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:
cloudiporackspace

Sponsored Whitepapers

Digital Transformation That Works in the Real World
Digital Transformation That Works in the Real World
Beyond the Breach: Logicalis Delivers Scalable, Business-Aligned MXDR Security
Beyond the Breach: Logicalis Delivers Scalable, Business-Aligned MXDR Security
Transforming IT for the Hybrid Era
Transforming IT for the Hybrid Era
Powering secure AI at the Edge: What you need to know before it’s too late
Powering secure AI at the Edge: What you need to know before it’s too late
Ditch the Spreadsheets. Build a System That Grows With You.
Ditch the Spreadsheets. Build a System That Grows With You.

Events

Most Read Articles

Veterans' Affairs tests using AI to tackle 82,645 unprocessed claims

Veterans' Affairs tests using AI to tackle 82,645 unprocessed claims
David Jones leans on Snowflake for de-merger modernisation

David Jones leans on Snowflake for de-merger modernisation
Health expands cloud footprint with $32m Azure deal

Health expands cloud footprint with $32m Azure deal
Optus brings GenAI into frontline ops

Optus brings GenAI into frontline ops
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?