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Rackspace, Cloud-services Provider, Files For Ipo On Nasdaq
Click to view a price quote on CCL. : Clou-ervice company Rackspace Technology filed with the Securities and Exchange Commission to go public on Nasdaq. The San Antonio company, leases server space and helps corporations store and access data in the cloud, Reuters reports. Rackspace, owned by private-equity firm Apollo Global Management, (APO) - Get Report has been exploring an IPO for two years, according to Reuters. But Rackspace has had a tough time, since Apollo's leveraged buyout in 2016 ... Full investment news article
Relevent to this post: Apollo Global Management
Barclays Capital,
Rackspace Preps Ipo After Going Private In 2016 For $4.3B – Techcrunch
After going private in 2016 after accepting a $32 per share, or $4.3 billion, price from Apollo Global Management, Rackspace is looking once again to the public markets. First going public in 2008, Rackspace is taking second aim at a public offering around 12 years after its initial debut. The company describes its business as a “multicloud technology services” vendor, helping its customers “design, build and operate” cloud environments. That Rackspace is highlighting a services focus is useful context to ... Full investment news article
Relevent to this post: Apollo Global Management
RBC,