Rackspace IPO Concluded at $704 Million

Priced at low end of previous range

By Jean Jacques Maleval | August 7, 2020 at 2:11 pm

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Rackspace IPO Flops As Trading Begins, Pricing At Low End Of Its Range
Rackspace Technology returned IPO that underperformed. The Rackspace IPO raised $704 million but priced at the low end of its range.

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Rackspace Launches IPO
Expects to receive gross proceeds of $703.5 million to $804.0 million from offering.
July 28, 2020 | Press Release