Rackspace confirms IPO plans
Rackspace was taken private in 2016
Rackspace has confirmed plans for an IPO after filing paperwork with the US Securities and Exchange Commission. In a statement the firm said it was preparing to list on the NASDAQ market, four years after being taken private by Apollo Global Management in a $4.3bn deal. Rackspace has shifted its focus from being a traditional hosting provider to a managed service provider of public cloud. Rumours of a potential IPO first surfaced in 2018. The firm said that it would list under the ticker...
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