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 and subsequent acquisitions have saddled the company with about $4 billion in debt. The company has $125.2 million in cash.