0
Broadband

Rackspace kicks off IPO, to raise up to USD 925 mln

Monday 27 July 2020 | 15:08 CET | News
Rackspace Technology has kicked off its initial public offering on the Nasdaq market, with plans to raise up to USD 925 million. The initial offering of 33.5 million shares will be sold at a price of USD 21-24 per share, and the underwriters have an option to buy another 5.025 million shares within 30 days at the same price. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Rackspace
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Rackspace migrates London NHS Trust's IT services to the cloud

Published 21 Aug 2020 11:22 CET | United Kingdom
US-based cloud services provider Rackspace Technology has migrated IT services at the Central & North West London NHS Foundation ...

Amazon in talks for minority stake in Rackspace - report

Published 18 Aug 2020 11:52 CET | World
Amazon is in talks to buy a minority stake in Rackspace Technology, a US provider of cloud services that recently listed on the ...

Rackspace prices IPO at low end of range, raises USD 704 million

Published 05 Aug 2020 08:34 CET | World
Rackspace Technology has priced its IPO at USD 21 per share, the low end of the indicated subscription range. This puts the gross ...

Rackspace starts preparation for new IPO

Published 13 Jul 2020 08:42 CET | World
Rackspace was a public company until it was bought by Apollo Global Management in a deal worth USD 4.3 billion. The company ...

Rackspace announces new name, focus on multicloud

Published 09 Jun 2020 09:25 CET | World
Rackspace announced a new focus and name, following a series of acquisitions and transformation efforts in the past year. The ...

Rackspace boosts investment in Middle East with Dubai hub

Published 03 Mar 2020 12:00 CET | Middle East
Rackspace announced an expansion in the Middle East to enhance the support of local customers. The multi-million dollar ...

Rackspace to acquire Onica

Published 05 Nov 2019 12:43 CET | United States
Rackspace agreed to acquire Onica, an Amazon Web Services (AWS) Partner Network (APN) Premier Consulting Partner and AWS Managed ...





Calendar   /   Industry Events

23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr Alphabet Q1 2021
27 Apr A10 Networks Q1 2021
27 Apr Siminn Q1 2021
27 Apr Juniper Networks Q1 2021
27 Apr Sequans Q1 2021
27 Apr Corning Q1 2021
27 Apr Calix Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
27 Apr Microsoft fiscal Q3
27 Apr A1 Telekom Austria Q1 2021
27 Apr America Movil Q1 2021
27 Apr F5 Networks fiscal Q2
28 Apr Yandex Q1 2021
28 Apr SK hynix Q1
28 Apr Apple fiscal Q2
28 Apr MaxLinear Q1
28 Apr Oooredoo Q1 2021
28 Apr Extreme Networks fiscal Q3
28 Apr ZTE Q1 2021
28 Apr Ribbon Communications Q1 2021
28 Apr Bharti Airtel fiscal Q4
28 Apr Telefonica Deutschland Q1 2021
28 Apr Mediatek Q1 2021
28 Apr Qualcomm fiscal Q2
28 Apr Altice USA Q1 2021
28 Apr Samsung 'Galaxy Unpacked' event
::: More Calendar Items