Rackspace Technology (RXT) Prices 33.5M Share IPO at $21/Sh
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/10/2026
- Wall St slightly higher as SK Hynix's stellar debut limits losses in chip stocks
- Oil prices settle lower on hopes for smoother shipping in Strait of Hormuz
- The real reason Meta shares are surging has nothing to do with its new AI model
- Stifel lifts Shopify to Buy, sees agentic commerce as next growth catalyst
- Delta Air Lines stock climbs on earnings beat and strong guidance
- Key things to know ahead of SK Hynix’s blockbuster US listing
- Almonty Industries (ALM) PT Raised to $33 at DA Davidson
- FedEx pilots ratify new collective bargaining agreement
- Meta falls as massive AI infrastructure spending plans overshadow chip progress
- The real reason Meta shares are surging has nothing to do with its new AI model
Rackspace IPO prices at bottom of target range to raise about $703 million
August 4, 2020 5:58 PM EDT(Reuters) - Cloud services firm Rackspace Technology Inc (NASDAQ: RXT) sold shares in its initial public offering (IPO) on Tuesday at $21 per share, the bottom end of its target range, to raise $703.5 million, the company said.
The IPO valued San Antonio, Texas-based Rackspace, which is owned by private equity firm Apollo Global Management (NYSE: APO), at $4.18 billion, excluding debt.... More
