Fifteen million shares of hosting provider Rackspace Hosting began trading under the symbol “RAX” on the New York Stock Exchange Friday for US$12.50 a share. Rackspace, which provides IT systems and ...

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 has reportedly filed for an initial public offering (IPO) that could value the managed cloud services company at more than $10 billion, according to Reuters. The move would mean Rackspace’s ...

NEW YORK, Sept 17 (Reuters) - Rackspace Hosting Inc Chief Executive Lanham Napier is banking on "cloud computing" to win over investors who gave the company's initial public offering the cold shoulder ...

Today, we circle back on Rackspace Technology for the first time since June 2022. RXT stock remains cheap on a price-to-sales basis, but the company continues to be bogged down by its balance sheet.

NEW YORK, Aug 07 (Reuters) - Rackspace Hosting Inc launched its initial public offering on Thursday within the estimated price range, becoming the first information technology company to test the ...