Private Equity

Rackspace Goes Public Again, 4 Years After Leveraged Buyout - Barron's

by barrons.com posted 12months ago 209 views
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/rackspace-goes-public-again-4-years-after-leveraged-buyout-51596641588 Rackspace has returned to the public market with an offering of 33.5 million shares priced at $21 apiece, raising just over $700 million, and giving the company a market capitalization of $4.2 billion, almost exactly what the company sold for when it was taken private by the private-equity firm Apollo Global Management four years ago.

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